The major indexes spent the entire session today in negative territory and saw the selling pick up during the last hour of trading.
Like in yesterday's session the Nasdaq Composite performed the worst finishing down 2.6% along with Semiconductor stocks down 3.4%.
The DJIA and SP 500 did not perform much better down 2.2% and 2.5%, respectively.

•After yesterday's brutal sell-off stocks rose with the indices gaining at least 0.4% today palpable to the prior session's losses.
•The broader SP 500 $SPX $SPY support level moved up slightly from 1,128 to 1,130 while resistance remains the same at 1,150.
•The support/resistance levels for the Nasdaq Composite $COMPX $QQQ moved higher from 2,381 to 2,470 and from 2,468 to 2,483.

•Major indexes were up at least 1.1% each but reversed course and gave up their gains finishing in a range up 0.1% to down 0.9%.
•SP 500 $SPX $SPY support/resistance moved down from 1,204 to 1,199 and 1,217 to 1,204.
•Nasdaq Composite $COMPX $QQQ support moved lower from 2,602 to 2,580 and resistance moved lower from 2,616 to 2,598.

The past month we have seen stocks pick up momentum to the down side after an already very weak month prior (May – Sell in May and go away). This second wave of high volume selling in June was enough to spook the masses out of the market shifting the sentiment from bullish to bearish.