Stocks dropping hard again with one hour left in the day

Nasdaq down -1.50% S&P down -1.25%

The major indices have an hour to go and they are on the run again to the downside.

The Nasdaq is down -1.54% now

The S&P is down -1.36%

The Dow is down -248 points or -1.0%

Helping the slide, is that Nasdaq is now down below its 100 day MA at 7082. It trades at 7047 now. The high for the day reached 7194.

The S&P index is moving toward a retest of its 200 day MA at 2585.30. The low today has reached 2604.98. IN February, the price stalled near the 200 day MA (green line in the chart below).