We know the Nasdaq 100 is in correction territory but where is that price point for the S+P 500?

An earlier update this morning noted the fall into Correction Territory for the Nasdaq 100 yesterday, but where would that be for the S+P 500? Well, the S+P set an all time record high on February 19 (same as the Nasdaq 100), when it reached 6,147.43. The low since that high was set yesterday at 5,711.64. It later closed off that low, at 5,738.52, with a fall of 104.11 points on the session. So, if we subtract 10% from 6,147.43 we arrive at a correction territory entry level at 5,532.68. As you can see the index has not yet threatened that price point, but it is most definitely on the radar here folks. The US jobs numbers could play a part in deciding, whether or not the index falls closer to that price. Right now the S+P 500 futures are pretty close to Asian session lows and currently pricing an opening around 5,744, but as with everything else at the moment, that is subject to considerable change before live trading resumes later this afternoon.