If you've been with us consistently here on the blog, this morning's selloff should come as no big surprise. In last week's video I suggested that the near-term technical setup suggested that a test, and possible breach, of the recent low was very much in the cards.
Here's a snip from the featured chart. The open this morning will take the Dow roughly halfway through the yellow circle on the way to that test:
Be back soon with more commentary.
P.s. Here's that video in case you missed it. Highly recommend it! This week's message is also instructive.