The relentless selling in the bond market and the hawkish rhetoric from the FED has seem to finally gotten to the stock market. Since last weeks highs, the sp500 has consistently made new lower lows all last week and is headed towards what seemingly looks like a negative start to this week. The overnight pressure from selling has pushed us towards the 4440 support zone. If further selling pressure comes in, we could easily get down to 4355 or 4300 level.