Down as much as 10.1% from the August 29 closing high

Stocks continue their slide and trade at session lows:

  • S&P index -2%
  • NASDAQ composite index -2.42%
  • Dow industrial average --1.8%

Looking at the NASDAQ composite index daily chart below, the price is moving back away from the 200 day MA (green line) Yesterday, the high stalled near that MA level. Bearish.

The price is testing the lows from October at 7274.03. The 61.8% of the move up from the February low comes in at 7204.675 on more weakness.

FYI, the close from 2017 comes in at 6903.39. A move down to that level would represent a 15.1% decline from the intraday high price.