Holy Schnikies! My parachute didn’t open!

The $941.50 level I pointed out in the broader market (78.6% retracement) was steam rolled today. It is truly amazing how the markets aren’t even paying attention to technical levels. Actually, it’s kind of an uneasy feeling. It’s all I can do to day-trade just to compensate for the losses in my long-term positions. Still looking for that capitulation point, but with 96.5% of the NYSE stocks under their 200 MA one would guess it can’t be too far.