Early Update – Mega-Caps Ugly; Failed Breakouts and Fast Reversals

11:58 a.m. ET Similar to yesterday, 3C was not confirming the overnight gains in index futures; and similar to yesterday, S&P futures gave up the gains heading into the cash U.S. open. S&P futures (1mm overnight to the open) – there was overnight confirmation of early gains, buy like yesterday, selling of higher prices toward…