Afternoon Update

We’re getting closer to the Nasdaq-100 consolidation (bearishly biased) expected to come next as per Monday’s Afternoon Update. Procyclical and defensive sectors are underperforming today, while the three mega-cap-dominated sectors remain the only ones in positive territory.This narrow, but influential leadership is providing the set-up short-term bounce needed for the Nasdaq-100 to consolidate bearishly over…