Cracks In the Markets

Sellers have picked up the pace today as the warning signs we have been observing are turning into reasons for outright concern, particularly for the QQQQ.  A test pf the larger levels of potential support may be in the cards for these market over the next few sessions.  All long side trades should be stopped out or on the tightest of leashes with declining stocks over 2000 and advancers at about 900 right now.

QQQQ ~3340 then 3180

SPY~ 8900 then 8800

IWM ~ 4800

XLF ~ 1115-1130