Update

Look at that volume pick up on the QQQQ. This is the herd mentality of traders, always putting stops at obvious support/resistance levels and when their hit, the volume rises.

The SPY is finally seeing some of that downside selling pressure, that took longer then I thought, but there's been some significant volume since the last update and there's been quite a few dips on the Tick index below -750/-1000 so there's been a lot of stocks selling off, I haven't run through the components, but I'm betting there's a few big S&P stocks they've been buying to try to hold this market up. The Q's are looking just downright nasty today. I wouldn't be surprised to see follow through selling on Monday and usually where one goes, they all go and the Q's thus far have the biggest % move.