Intraday Update -MEga Caps and Semis Still Weigh

2:35 p.m. ET The major averages are currently well off of session lows, as the broader market attempts to rebound while mega-cap names lag. The S&P came within 0.35% of the $6550 level mentioned numerous times, a level that looks like a neckline of a larger toppy formation, but also likely support until the right…