Joined Sep 2008
Status: neurological anomaly
Hi there, JP.
Actually, this isn't very unusual for the S&P or any of the major indexes, especially around lunchtime (New York time). It is far less intimidating on the Daily chart.
The way I see it on my charts, it is going to be headed towards the 3815 level before it hits decent support. Depending on how long that takes, the Daily chart may show a bounce, but we will have to wait and see. There is no major drop identifiable on my charts, though.