BTW, The Russell 1000, RUT, has also made a new low this morning.
The SPX is down slightly this morning, and the wave action continues to be corrective, with the squiggles over-lapping each other. The short-term trend now is neutral, flat, sideways, and anything other then up or down. The SPX needs to break out of this zone impulsively to determine its short-term trend. Longer-term the trend is up, but technicals are suggesting that we are in the midst of a major trend change.