I tend to think that Nasdaq was already vulnerable after weeks of selling in the pandemic darlings was hidden by gains from mega-cap tech.
The dogs are getting hit hard now and a potential top could be forming on the Nasdaq.
For its part, the S&P 500 is now down 62 points, or 1.3%.
Losses are begging to mount elsewhere as well as USD/CAD hits 1.2750 and oil falls nearly $1 from the session highs.