Although lower, the major indices are remaining in a sideways pattern that started on May 27. All 3 major indices are also still above their 200 hour moving averages keeping a modest bullish bias in the short-term. The final numbers are showing:

  • Dow industrials Average fell -269.24 points or -0.81% at 32910.91
  • S&P Index fell -44.89 points or -1.08% at 4115.78
  • Nasdaq index fell -88.95 points or -0.73% at 12086.28
  • Russell 2000 index fell -28.55 points or -1.49% at 1891.00

The 200 hour moving averages for the major indices are currently at

  • Dow industrial average 32520.90
  • S&P index 4062.85
  • NASDAQ index 11913.46

Moving back below those moving averages would tilt the bias back toward the negative/bearish side. Stay above and the shorter-term bias remains in the direction of the buyers