The NASDAQ index is now down -323 points or -2.62% at 11994.30. That takes the price back down toward its 200 hour moving average at 11991.74. A move below that moving average line would increase the bearish bias from a technical perspective.
Conversely stay above, and the buyers dodged a bullet from a technical perspective.
This article was originally published by Forexlive.com. Read the original article here.