S&P 500 down 32 points to 1984

A dovish tinge in the FOMC minutes hasn't been enough to halt the rout in stock markets this year. The S&P 500 continues to fall as it broke yesterday's low and the mid-October low.

Greg highlighted 1991 as an important support line and we're through there now. A next level to watch is 1962, which is the 61.8% retracement of the October rally.