I think so.
Both $SPY and $DIA broke below 10-week line, which I consider a clear picture of a long term support. On the other hand $QQQ are still having some cushion above the 10-week line, but we had many distribution days in the last couple of weeks, which means the big guys are raising money large off the table.
Note as well the strong bull market we had since the begining of 2013, we never know but this could be the end of it, but I welcome this corrections because we could find some strong new leaders and fresh new bull runs is where the big bucks are made.
Trade them well this week.