The major stock indices are moving to new lows as the Fed Chair says the call was a closer call with risk two-sided. That helped to push the USD higher as well.
The Dow is down -0.83% while the S&P and the 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 rising 100 hour moving average of 19760.11. Getting below that level would have traders looking toward the 200-hour moving average at 19410.19.
For the S&P index, the price is below its 100 and 200 hour MAs at 6057.47 and then the 200 hour MA at 6006.31.
UPDATE: The Nadaq is now down -1.94% which is largest decline since November 15
The S&P is down 1.41% which is the largest decline since october 31 (-1.86%)