Disliked{quote} Hi SunTrader Price ripped through the support line as if it wasnt there. Price tore all the way down to almost 116.00 before retracing. Perhaps we have had the selling climax today in the stock marketsIgnored
And as you know when key support (or vice versa resistance) breaks the move accelerates and extends beyond a normal move.
Look where it stopped eventually - lowest support level on my prior chart (missed exact low by 3 ticks):