Nasdaq looks toward 200 hour MA support target ...Middle East

The major US stock indices are tumbling to new lows. Dow industrial average is down 580.31 points or -1.35% at 42344S&P index is down 80.43 point toward -1.37% at 5770.88NASDAQ index is down 396 points or -2.13% at 18177.64.Technically, the NASDAQ index is moving toward its rising 200 hour moving average at 18115.01. The last time the price traded below its 200-hour moving average was back on September 11. Earlier on the day the 100-hour moving average and upward sloping trendline was broken near 18306.87.The S&P index has also moved below its 100-hour moving average 5801.77. Its 200-hour moving average is the next downside target at 5749.54. This article was written by Greg

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