Nasdaq tests 100 hour MA target. A move below would increase bearish bias. ...Middle East

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Nasdaq tests 100 hour MA target. A move below would increase bearish bias.
The major indices are trading to/near lows for the day as the intraday correction higher fizzles. The move lower is testing a key MA for the Nasdaq. It is breaking below the 100-hour MA on the S&P. NASDAQ: The Nasdaq index is down retesting its rising 100-hour MA at 15607.25. A move below would have traders targeting its 38.2% retracement (2024 range) and swing level at 15468.25. Below that level, the 200-hour moving average and 50% midpoint (2024 range) comes in at 15279.26 and would be targeted.S&P: For the S&P index, it fell below a channel trendline and swing area near 4955 and has more recently broken below its 100-hour moving average at 4940.34. The next target area comes at the 38.2%

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