Afternoon Update

Technical support is clustered across the major averages and sectors: the S&P 500 at its 50-day, the Nasdaq-100 testing the 100-day while trying to reclaim a back-test of the 50-day, small caps at the $270.63 level that has looked like high-probability support after a two-month, 11% decline, the Tech sector at its 100-day, and the…