Major indices now lower on the day

As the day works toward the close, the major US stock indices have turned into negative territory:

• Dow Industrial Average is down 61 points or-0.18% at 34000.61
• S&P index is down -9.36 points or -0.21% of 4349.01
• NASDAQ index is down -22.71 points or -0.71% at 13455.90

All 3 major indices or trading between their 200 day moving average below and 100 day moving average above. Each are also above their 50 day moving average.

• Dow industrial average has its 100 day moving average at 34268.04

• S&P index is just above its 50-day moving average at 4346.54, but below its 100 day moving average of 4403.07

• NASDAQ index is above its 50-day moving average at 13422.12, but below its 100-day moving average at 13617.84

Moving back below the 50-day moving averages would weaken the bullish bias