Large caps really took it on the chin. The Dow is likely to slice through November lows as the chart deteriorates rapidly.
The bastion for tech leadership - the semiconductors - lost out heavily. The resistance breakout is practically cooked and supporting technicals all turned negative.
Going down (yet again...)
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website