The trendlines in place since Nasdaq's creation are broken, or very very 'bent'. Very oversold too of course, but we are beyond all of the standard deviations and are now in uncharted territory. The real-world implication is that the game has changed at some very fundamental level. If this were an old-world sailing map, off the right edge of the chart we would have the notation, "Here be monsters". Draw your own conclusions.