Charting the S&P 500’s precarious posture
February 09, 2016 at 12:47 PM EST
Technically speaking, the U.S. markets’ already-bearish backdrop continues to deteriorate. Consider that the Nasdaq Composite has staged a two-session, 5% plunge, while the S&P 500 Index has ventured under major support, leaving it vulnerable to potentially material incremental downside.