The late day rally on Friday came to an abrupt halt when traders decided the Dow Jones was getting just a little too close to recapturing the 50 day moving average. The sell-off on the Dow Jones left the SPX and the Q's running for cover, also, even though the Q's are trading above their 50 DMA (lower half of the chart, below).
Left click on chart(s) to expand.
And this automated and sadly generic market (made up of HFT's and ETF's), strikes again.
