Leader from the Utilities Group (strongest downtrending group today) - The moving averages appear what I like to call "stacked" in the bears favor. A look at the volume shows it extremely low at this time with recent major points of inflection to favor the short side of volume.
We can see $SPY price working under the 50 MA (RED) in a downtrend. The Blue lines are AVWAP from Recent high, start of 2022 and working between Pre Covid High and Covid Low. Note the Extremely low average volume last couple of weeks. Which AVWAP will price break next?