S&P 500 falls 4%

The S&P 500 was briefly down more than 4% as it touched 2855. That's a level I've been highlighting today because it's the October low.

Technicals are critical in a market like this because the fear is overwhelming and the obvious spots are where everyone is managing risk. After hitting the line, the index has bounced 15 points.

S&P 500 falls 4%

US stocks are now down 15% in just seven days.