Today saw further declines, at least at the time when I am writing this with 30 mins left to go.

While today was weak, it is quite possible we won't see very aggressive selling until after the end of the month. Stock prices will try to be propped up for the quarter end.

Either way, I believe this market is heading lower. Many other global markets are confirming, as well as Fedex which is often a market leader - and it just broke support.

Cory Mitchell, CMT