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Saturday, February 21, 2026

US Equity Indices in Review: Buy-the-Dip Fails

Courtesy of Mish.

Today’s action was not pretty, unless you were a bear. Here are a few charts to consider.

Dow 10-Minute

click on any chart for sharper image

In the first 10 minutes, the Dow fell 1,089 points. By 1:00, the Dow regained 990.88 points, but closed down 588.47 points, -3.57%.

S&P 500 10-Minute

In the first 10 minutes, the S&P 500 fell 103.88 points. By early afternoon, the S&P 500 regained 87.08 points, but closed down 77.68 points, -3.94%.

Russell 2000 10-Minute

In the first 30 minutes, the Russell 2000 small-cap index fell 50.86 points. By early afternoon, the Russell regained 42.65 points, but closed down 45.10 points, -3.90%.

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