Nasdaq and S&P back below 200 day MA (for now)

If closes below, would be the first times since March

The Nasdaq and S&P are both trading below their 200 day MAs after a short covering rally faded.

The S&P 200 day MA is at 2776.42. The price is currently at 2774.10. The last time, the index closed below the 200 day MA was on March 8th.

The Nasdaq 200 day MA is at 7528.78. The price is currently at 7527.88. Like the S&P, the last time the price closed below the 200 day MA was on March 8th.

The Dow is down -336 points or -1.33%. Yesterday, the index closed below its 200 day MA at 25430. The current price is at 24984.10