Courtesy of ZeroHedge View original post here.
Well that escalated quickly… US equity markets are plunging this morning, led by a 3% plunge in Small Caps (Dow and S&P down 2%)…
All the major indices have broken below key technical levels…
Nasdaq is back below its 50DMA (14,875); S&P is testing down towards its 100DMA (4327); The Dow has broken its 100DMA and is looking down at its 200DMA (33179); and the Russell 2000 has broken below its 200DMA (2202).
VIX is back above 26…
This could never happen again, right?
But a drawdown is well overdue…
Is everyone now holding their breath for Beijing to bail the world out?