A variety of risk assets that were sitting on recent support broke to the downside today. The S&P is most rudimentary of assets and it broke under the uptrend resistance. It is now sitting on its 50 day EMA.
A huge market leader since the 2009 bottom has been AAPL, though less so this year. AAPL broke decisively under a downtrend line that has been resistance/support since February of this year. It is now back inside a falling channel.
Silver has been a big ringleader for the commodity trade in recent months, and has now broken support that had been in place since its run first started last October.
It will be interesting to see if these risk plays can regain their trendline support in the coming days. If not, it may be time to think about outright shorting.