Stock market has first RED day in 2 weeks should we be worried? or is this just a buy the dip opportunity

If you are a market watcher you probably saw the slow and brutal fade that occurred today after the S & P futures failed to hold above 2800.

after the failure the market pretty much sold off the whole day, the dow jones swang 300 points and its enough to say that today was quite a active Monday session on the markets.

So where do we go from here?

After squeezing every short seller in existence except those with unlimited funds you would think we are only seeing small profit taking after a monstrous run. Currently i wouldn't be concerned but we need to keep our eyes on the bond market and volatility market, today the vix gave a clear sign early that we had a seller in the market and the results today show.

If this is a buy the dip opportunity it will be interesting to see how deep of a pull back we get, today could of been bottom for all anyone knows. as this market almost never goes down id assume its the case.