Dow Drops 450 Points, S&P Tests Critical Technical Support

Paging Jay Powell...

S&P and Dow are now down over 5% from highs...

 

Today's tumble in The Dow has pushed gold above it Year-to-date...

 

The Dow is now down over 400 points today and VIX is back above 21 for the first time since the election in Nov 2016.

 

It's accelerating...

 

The Dow is now down 450 points and testing its 50-day moving-average

 

And the S&P is at its 50DMA too...

 

This drop has erased 2018's gain for Small Caps and Dow Transports...

 

As Stocks plunge, bond yields are tumbling too...