Last week we warned investors that S&P emini futures could selloff and we were proven correct. Because of disappointing employment numbers released April 6, sellers entered the marketplace, which caused prices broke below the uptrend, which was established since early December. As long as futures remain below 1,400 the market will remain in a downtrend. There appears to be initial support at 1,350 and a break below that could lead to a test of 1,340.