Nasdaq leads the way lower today.
The NASDAQ and S&P are reaching new session lows. The NASDAQ is leading the way with a decline of 1.67%. It is currently down 186 points to 10921.44.
The S&P index is down 20 points or -0.61% at 3328.80
Looking at the hourly chart of the NASDAQ index, the pair is getting closer to the 50 hour moving average at 10840.78. The price last moved above that moving average (and the 100 hour MA) back on July 30. The price of the NASDAQ index has been up 7 straight days (starting on July 29).