Dow down over 20% from the high. Enters bear market territory.<p>The Dow industrial average is trading down -624.73 points -2.08% at 29449.59. The low price reached 29439.48. The move to the downside has now taken the price 20% from its high reached on January 3. The Dow industrial average has entered into <a href="https://www.forexlive.com/terms/b/bear-market/" target="_blank" id="d2d060bf-8544-41df-a650-cf7bff095dbf_1" class="terms__secondary-term">bear market</a> territory.</p><p>Also, the price has moved below the 38.2% retracement of the move up from the 2020 low at 29794.35, and moved below its 200 week moving average currently at 29751.44.</p><p>In comparison for 2022, the :</p><ul><li><a href="https://www.forexlive.com/terms/n/nasdaq/" target="_blank" id="73ea5227-7971-4d75-a878-f20ede81c27e_1" class="terms__main-term">Nasdaq</a> is down -33.27%</li><li>S&P is down -23.8%</li><li>Russell 2000 is down -32.27%</li></ul><p>Meanwhile the Vix index has moved up to 30.2% which is the the highest level since June 30.</p>
This article was written by Greg Michalowski at forexlive.com.
Source: Dow down over 20% from the high. Enters bear market territory. (https://forexlive.com/technical-analysis/dow-down-over-20-from-the-high-enters-bear-market-territory-20220923/https://forexlive.com/technical-analysis/dow-down-over-20-from-the-high-enters-bear-market-territory-20220923/)
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