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4.30pm BST: FTSE closes below 5,000 for first time since May 2005, down 113.2 points at 4912.4.
In 2016, 24% of IPOs were "broken" (IPOs whose stock closes below the offering price on their first day).
(For the record: that would only start when the S&P closes below 1,828, and he'd only really worry if it fell beneath 1,760).
If AT&T closes below the strike price, you can cash in your profit either by "putting" the stock to the seller of the put, or by selling the option, which itself will increase in value.
Once the price closes below the neckline, the pattern confirms and the reversal pattern is in play.
Figure 1 shows that Intel breaks the lower Bollinger band and closes below it on Dec. 22, 2006.
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The Dow has closed below 13,000 only three times since surpassing the mark in late April.
Shares of Google closed below $300 for the first time since 2005, at $291.
On May 25th the FTSE 100 index closed below 5,000 for the first time since last October.
The Dow Jones closed below 11,000 for the first time this year, falling 634.76 points, or 5.55 percent, to 10,809.85.
U.S. futures prices closed below $44 a barrel, which is seen as a technical resistance area.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com