Trendline of the last 3 month has been broken today. Next support is trendline from the bottom of 2001, 200 points lower. However if you look at weekly charts there is negative MACD divergence forming and it is in play. 4% drop in such an important index is always a huge concern.
Listen how Kudlow is crying about the drop in transports :)
Market Data 
Markets 
AI
