Shorts Kick On
There was no Sleeper (long) play for the S&P as sellers took control across all indices. Losses of between 1-2% took effect in Large Cap, Small Cap and Technology indices. The S&P cut clean through horizontal support, 20-day and 50-day MAs, but was never able to challenge channel resistance. Look for a move down to channel support. Technicals are a mix of bullish and bearish signals.