•Stock sold off hard with major indexes down at least 2% each.
•SP 500 $SPX $SPY support/resistance moved down from 1,199 to 1,165 and 1,204 to 1,173.
•Nasdaq Composite $COMPX $QQQ support moved lower from 2,580 to 2,531 (21 day moving average)-resistance moved lower from 2,598 to 2,549.
•SP 500 is once again below its moving averages (21, 50, 200).
•Nasdaq Composite above 21 but below 50 and 200 day moving averages.
•Risky sector materials $XLB was down 4.5% on heavy volume.
•Risky sectors industrials $XLI , consumer discretionary $XLY, and technology $XLK fell on moderately higher volume.
•Defensive sector utilities $XLU was down as well on moderately heavier volume indicating the selling was broad based.
•US Dollar $UUP was higher on heavy volume and Bonds $TLT were up 3.3% on moderately heavier volume.
•$EDU was down 9.3% on moderately heavier volume while $LULU was down 3.6% on moderately heavier volume.
•Based on stocks I follow the stock market direction is neutral and has been active 1 trading session after being bearish for 1 session.

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