The failure of the market to hold the support zone on Tuesday and into Wednesday now has the indices open to move even lower ahead of the weekend.

Toni Hansen writes that Tuesday's selloff has provided additional flush into support but the momentum of the move does not have her looking quite yet for many buying opportunities.

Toni Hansen is still open to the possibility of the support levels being tested one more time, and is focusing almost exclusively on intraday activity.

Toni Hansen's intraday bias heading into the new trading week is somewhat more on the bullish side, but it would not be difficult to put in another slightly lower low on the 60 minute charts first.

Toni Hansen writes that the door is now open for another test of the month's lows.

Wednesday's trading in the overall market did not differ a great deal from that of the previous session.

Toni Hansen writes that the door is open for a pullback on Wednesday.

Toni Hansen writes that the reaction to a Fed announcement tends to be pretty similar each time.

Toni Hansen suspects that Monday and Tuesday morning are going to be slower and lacking in higher number and high quality momentum moves in individual stocks.

Toni Hansen is looking for more of a correction off the support zone, but the odds remain higher that things will continue to be choppy.