The SPY/$SPX is now trading well below the uptrend line shown on the previous 2 hour charts.  This breakdown increases the chances for a move down to the T1 & T2 target areas (177-177.50 & 174.65-175).  Assuming that T2 is hit, this would correlate to roughly another 500 point drop in the $DJIA, in addition to today’s 180 point drop.