Sellers shredded the 24,042 midpoint support I’d flagged here yesterday so easily that there should be little doubt about the likelihood of a further fall to the 23,225 target.  In retrospect, we can see that the Indoos were a fetching ‘counterintuitive’ short at the green line (24,450). If they should rally back to it, keep in mind that that would trigger a equally enticing ‘mechanical’ short. We’ll interpolate using DIA puts if and when the opportunity arises, but for now let’s move to the sidelines. _______ UPDATE (April 26, 9:57 p.m. EDT): Today’s 238-point rally looked leaden in comparison to the ballistic moves that were occurring in AMZN and a couple of other institutional favorites at the same time.  It illustrates the point I made in The Morning Line — i.e., that the broad averages will no longer be able to keep up with lunatic-powered rallies in the small handful of stocks that have tugged the market higher. AMZN et al. may continue for a while to make new record highs, but the bullish effect this will have on other stocks has probably peaked.