Intraday Update – Technical Support

11:42 a.m. ET We may get one of those consolidations I mentioned sooner than later. The S&P-500 reached its 100-day SMA. Dow is at its 50-day SMA, and Small Caps are at their 50-day SMA. Intaday price action is also looking like a consolidation may be about to take shape. Remember, it’s never a straight…