The S&P and NASDAQ both reached short-term support levels. The Russell, that signaled this selloff, broke through short-term support. The Indices closed at or near their lows, suggesting possible follow through on Monday. So far, the internals are confirming price development. However, the NYSE is slightly oversold, but the NASDAQ is extremely oversold. This also suggests the possibility of a pause or rotation up to work off the oversold condition. If there is a lower low on Monday, look for internal divergences that will signal the pause or rotation. On the other hand, if today’s low is traded through and the internals continue to support the selling, expect the next level of support to be tested.