The Russell 2000 is just ugly. Support at 765 is next.
The Nasdaq is furthest from 200-day MA support. It finished the day with a 'Death Cross' between 20-day and 200-day MAs.
While it hasn't done so yet, the semiconductors have struggled, but there hasn't been a break of the October swing low. Relative strength has been good, but there is much work to do before it can take on a role as recovery-leader.
Today's selling will offer some short term floor, but it may still too early to call a swing low. On the positive front, semiconductors haven't been as weak as other indices, which suggests a Tech recovery is not far off.
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