Volatility spiked as traders "took chips off the table" ahead of Amazon and Alphabet earnings. Despite a "big leg lower," markets remain in a massive hourly trading range, suggesting a bottoming process near symmetrical support levels.

In this video, Ira Epstein discusses the current challenges and dynamics in the financial markets, highlighting the significant downturn in tech stocks despite strong performance metrics, exemplified by AMD's recent losses.

Alphabet shares experienced a rare post-earnings “hiccup” on Wednesday, as investors grappled with a massive spike in projected capital expenditures and a slight miss in YouTube advertising revenue.