A small bounce in early US trading was a signal for the stock market bulls to sell.

The Nasdaq is leading the way with tech stocks falling by as much as 1%. The S&P 500 is down 10 points after a break of the September lows.

Seveeral long-term trend lines have been violated and it’s now critical for the market to hold the August low of 1904, along with 1904.

SP 500

S&P 500

The VIX is up 5%.