The NASDAQ and S&P Ran Up to Resistance and Then Down to the 200-Day Moving Average

The NASDAQ ran up to the run that 13,000 area got pretty close to the 200-day moving average and then pulled back. I was kind of surprised with the speed with which it went down to we actually as of yesterday we were off 10% on the NASDAQ from the August 16th high. It could be capitulation the selling could be over and you know we could go up from here but it still seems like there's it's harder and harder to find setups even energy which was looking pretty good seemed like it was getting on a little bit of shaky ground.