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US Equity Indices Crash Below Key Technicals

Tyler Durden's Photo
by Tyler Durden
Monday, Sep 20, 2021 - 12:17 PM

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?

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