The S&P 500 has eclipsed the 61.8% retracement and the index is now down just 17 points, which is practically a victory at this point.

Even more dramatic is the Russell 2000, which is no positive on the day.

US 10-year yields are down just 6 bps to 2.14% after falling as low as 1.86%.

US 10 year yields that's quite a candle

US 10 year yields — that’s quite a candle