Intraday Update – S&P Testing January Low

12:50 p.m. ET The S&P is testing potential support at the January low. Technology remains a serious drag on the NASDAQ-100. Interestingly, Transports are outperforming and have been all morning. SP-500 -1.25%, Dow -1.1% (Dow Transports +0.65%), NASDAQ-100 -2%, Small Caps -1.35% SP-500 (2m) lingering around the January 24th capitulation low. VIX (-0.8%) continues to…