The Dow has already broken the 2018 low

SPX daily

The S&P 500 is down 11.4% at writing as the market re-opened. There is another circuit breaker at -13%.

The index is down 306 points to 2403. The December 2018 low was 2346, which is now less than 3% away.

It's around 7% more to wipe out all the gains since Trump's first day in office and about 17% from the election-night low.