Afternoon Update

Once again S&P has survived the test of $3800 and continues to confirm the level as an important local support zone, although the averages are trading in a fairly narrow range heading into the close. SP-500 -0.5%, Dow -0.2% (Transports -0.1%), NASDAQ-100 -0.7%, Small Caps -0.7%. Losses in Apple (AAPL -3.85%) and Tesla (TSLA -12.5%) continue to weigh…