By Michael Ashbaugh, MarketWatch
Technically speaking, the major U.S. benchmarks have reached multi-month lows, pressured amid the worst single-day downdraft since 2008, during the financial crisis.
Against this backdrop, the S&P 500 has violated significant support — the 2,855-to-2,873 area — inflicting incremental longer-term damage. The quality of the pending rally attempt will likely add color.
