Market Update

The initial weakness found support right where it was supposed to (particularly in the Q’s at 3940) but this may just be the first wave of selling.  The Qs are below the 5DMA and have made a lower high, failure to recover could put ~3880 into play later.  The markets have had great runs and now it appears the consolidation/correction has begun.  It is still early to be aggressively short, but the markets are clearly weakening.