The S&P and NASDAQ indices are under pressure, with volatile two-way price action dominating the session. Sellers have regained control intraday, pushing both indices lower and forcing traders to reassess key technical levels.

In the video above, I break down what the move to the downside means from a technical perspective, highlighting the support zones that are now in play. I also outline what the buyers would need to do to stabilize the market and shift momentum back to the upside — and, conversely, what a continued breakdown would target next if sellers remain in control.