Stocks under pressure. Nasdaq approaches it 200-hour moving average ...Middle East

The major stock indices are lower with the Nasdaq index leading the way again.That index moved down to a low of 14613.18. At the low the index was down close to 1%. Technically, the index is approaching the 200-hour MA at 14575.79 (green line on the charts above). Yesterday, the index moved below the 100-hour MA (blue line currently at 14889.42). The last time the Nasdaq index was below both those MAs was back to November 1 (see blue and green lines on the chart above). For the S&P index, today it is moving away from its 100-hour MA at 4737.23 (blue line in the chart below). Yesterday, the price traded above and below that MA level but closed just above the level keeping the buyers hope

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