Only 14% of $SPX stocks up today — classic clearing-the-decks action.
AI charts had been sliding for a month, now full breakdown. When one sector gets hammered this hard, it bleeds into others. People sitting on big tech losses start cutting exposure and locking gains wherever they can.
I don't think this kicks off a new leg down for the average non-tech $SPX name, but AI charts are broken. Process says wait for a real base before stepping back in — no hero trades into breakdowns.
AI charts had been sliding for a month, now full breakdown. When one sector gets hammered this hard, it bleeds into others. People sitting on big tech losses start cutting exposure and locking gains wherever they can.
I don't think this kicks off a new leg down for the average non-tech $SPX name, but AI charts are broken. Process says wait for a real base before stepping back in — no hero trades into breakdowns.