The S&P moves below the 100 hour MA. Can it stay below?

Technical Analysis

Author: Greg Michalowski | nasdaq

100 hour MA at 3286.67

The S&P moved below the 100 hour MA at 3286.67.  The price low has reached 3281.53. We currently trade at 3285.00.

100 hour MA at 3286.67
For the Nasdaq, the 100 hour MA comes in at 9252.20. The price is still above MA today.
 
100 bar MA for the Nasdaq

These are some of the minimum levels that need to be broken to solicit more of a bearish bias.   Failure to stay below (or get below) is just a modest correction of what has been a near straight line move to the upside.  
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