The US stocks continue to move lower with the NASDAQ index now down -1.62%. The S&P index is down close to 1% is momentum increases lower. Looking at the NASDAQ index it is approaching its 200 hour moving average currently at 23046.40. The low price of just reached at 23099.23.The 50% of the move up from the October low is also in play at 23094 - just above the low for the day so far. The S&P has already broken below its 200 hour moving average at 6742.26. Staying below that level would give the sellers in control. The price is also testing/dipping below the 50% midpoint of the move up from the October low. The low comes in at 6735.56. The current price is trading at 6731. This article was written by Greg Michalowski at investinglive.com.