Another big down day today has left the S&P 500 dangerously close to its lows from late August. At this point, at least a test of those lows looks probable.
The recent dip lower has been largely driven by Health Care, Energy, Materials, Financials and Industrials. Two of these five sectors have already broken below their August lows — Materials and Health Care. Check out the chart of Health Care below. That is a nasty break down!