Notice on the weekly chart that a trip down to 235-240 would take us to where all those moving averages are crossing. Not out of the question and it still means we can be bullish longer term; as long as that level holds.

The index is now down 2 points and the dow is down 20. Not looking pretty for the last hour. Also note some large cap mlps have not gone ex distribution yet and that is probably holding some mlps up in price like Nustar and Sunoco Logistics just to name 2.