S&P index falls below its 200 hour moving average ...Middle East

For the S&P 500 index, it fell below its 200-hour moving average at 6248.77, and remains below it at 6242.81. The low price reached 6214.43. The current price is trading at 6245 just below that level.

We are at a key crossroad for the broader indices. Watch 20598 in the NASDAQ index and 6248.79 in the S&P index. Breaking and staying below would be bearish from a short-term technical perspective.

This article was written by Greg Michalowski at investinglive.com.

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