Dow probably needs to settle down around 23k (another 860pt or...

Dow probably needs to settle down around 23k (another 860pt or 3.6% drop) its long term support before some consolidation, but if that support does not hold, then probably more pain ahead. As mentioned 3 days ago, a 1000+ single point largest drop in Dow history is unlikely to end as a trading footnote so caution is warranted. Here's CNBC's take on why the Dow turmoil:

https://www.cnbc.com/2018/02/08/heres-why-the-stock-market-is-in-turmoil.html

Also another case of poor corporate governance/non-disclosure/disclosure this morning (BIG) is likely to dampen already weak prevailing sentiments across the tech space especially market darlings (with larger market cap $200m+) that have shot through the sky over the last half year.