The brief respite bounce after Europe closed has failed and US equity markets are tumbling once again.
Nasdaq is leading the drop…
With FANG Stocks erasing all the post-NFLX earnings gains…
S&P is near its 50-day moving average and Nasdaq just broke below its 50-day moving-average for the first time in over a month…
And Nasdaq VIX is back above 18.
via http://ift.tt/2vmOVzO Tyler Durden