S&P index trading at session lows.

Down -0.62%
The S&P index is trading at low levels for the day.
Looking at the hourly chart, the price has moved below the 100 hour MA and the 50 hour MAs at 2361.68 and 2355.33 respectively today (trade at 2347 now).   The index is approaching the 50% of the move up from the March low. That level comes in at 2346.33 (in fact we just moved below that level.