Quick Market Update, and Chart of the Day

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.