Technical levels being breached
S&P
The S&P index has moved back below the 200, 50 and now 100 day MA (the final at 2030.80). The low today tested the 38.2% of the move up from the August low. This was also near the November low and the September swing high (you can add highs and lows from October too). The point is below 2030.80 and then 2021 will not look good technically.
Nasdaq
The Nasdaq composite index is down testing the cluster of MA which come in at 5001.09 for the 50 day MA, 4976.87 for the 200 day and 4937.49 for the 100 day MA. The current price at 4967 is below the 200 day and 50 day now. The 100 day MA is the next target - if the selling is to continue. The low for the day is 4960 so far.
The German Dax
The Dax is not ending the week on a high technical note with the index tumbling below the 100 day MA today (at 10548.61). Today, the index fell by 2.44%, down 258.87 points. The price is also closing below the 50% of the move up from the September low at 10377.96.
The Dow
The Dow Industrial Average is falling below the 200 day and 50 day MA, the 100 day MA is at 17564.07. That MA was tested at the beginning of November and held.
