As a smart investor, watch the in the stock chart below. If the $SPY breaks this support, the Dow Jones Industrial Average will collapse along with the rest of the market. Charts signal that a break below this level will trigger another 500-1000 point decline in the Dow. In other words, the lows from the last few days is major support and if broken, go into hiding unless you are short or in cash.
Verified Trader @ VerifiedInvesting.com