Absolute ugliness

Absolute ugliness here as the gap down doesn't even get a fade attempt.

Breadth is pinned at worse than -2k as we hit new lows, below the first hour's range.

There are a few positive things to look at, but nowhere near enough to try and bottom pick:

Volume is on the light side
The NASDAQ 100 is holding up better than the broad market

Maybe the afternoon can change things up, but the breadth will need a major shift or else this can get even uglier.

tiny