As I had suggested, inter-market dynamics were changing -- quickly -- and the mounting risk would manifest as sharply lower prices. Which is precisely what we have seen.
The snippet that follows is from Tim Villano's Trader's Focus comments made this morning...
"The bottom line on the stock market is that the new daily reaction highs and rally to (SPX 1230) in early March represented a clear selling opportunity. With all tech indices in a negative divergent position, the Commercial stock index Futures traders lined up against the tape, and eventually the (SPX 1193) mark giving way, the stock market simply remains in a breakdown mode...."
I will update my general market thoughts (as opposed to specific opportunities, of which there remains an abundance!) this weekend.