Market Update – Heading for Measured move

2:44 p.m. ET Most of the averages are down the same suggesting simply broad-across the board deleveraging, but Small Caps and Transports relative weakness in not a good sign. The S&P 500 and Dow Jones Industrial Average both fell below their June 16th closing lows (3,666.77 and 29,688.78, respectively) and the DJIA broke below its…