The major stock indexes are moving to low levels as the Fed Chairman says the call was a closer call with two-sided risk. That helped push the USD higher as well.
The Dow is down -0.83% while the S&P and Nasdaq are down over 1%
The S&P is currently down -1.04% and the Nasdaq is down -1.16% after trading down as much as -1.30%.
For the Nasdaq index, it is approaching its 100-hour moving average of 19760.11. Getting below that level would have traders looking towards the 200-hourly moving average at 19410.19.
For the S&P index, the price is below the 100 and 200 hour MAs at 6057.47 and then the 200 hour MA at 6006.31.
