The big market selloff is all we are hearing about on the news tonight. TOE subscribers were given warning that a selloff could be around the corner. The charts we shared in our analysis published on February 1 suggested the odds were good that a selloff was underway. Specifically, we were looking for the S&P500 to pop into the 2,840 to 2,850 area before the next leg of the selloff got underway. The index only touched the 2,809 level before giving way to the next leg down. This weak bounce was an indication that bears had control and that the next big move was down. Yesterday, we saw that move with the Dow Jones Industrial Average falling over 1,500 points inter-day. By the end of the day, the S&P500 was down 4.1%, Dow Industrials down 4.6%, the NASDAQ was down 3.8% and the Russell 200 down 3.6%. The question is what's next?
