S&P 500 Breaks 200MA & Key Support

Today's chaotic open has reshaped into another leg lower. Nasdaq is currently experiencing its worst year-to-year start in at least 30+ years. It is slightly worse than 2008, and the longest losing streak for a weekly since Sept 2020.

Importantly, the S&P 500 recently broke below its 200DMA and key support! The bears are definitely in charge.