Big reversal
The declines in stocks have continued. The S&P is down down -15 points or -0.58%. The Nasdaq is down -50 points or -0.73%. The Dow is now down -30 points or -0.12%
Looking at the daily S&P chart, the price is down retesting (below now) the 50 day MA at 2619.09. The price is currently trading below that level at 2617.61.
For the Nasdaq, the 50 day MA is at 6961.335. The low for the day reached 6965.935 so far. So the index is holding just above that MA level.
Key test for the broad indices.
