So far, on the one-hour chart distribution not accumulation, OBV is terrible, and the ultimate oscillator refuses to rise above 5o. Am Watching. Looks like the DOW could’ve reached the high of the day before ten o’clock. But… you never know. 🙂 NOW the parabolic bubble that WAS the Dow is in the red where it should be after its B.S. rise based on Q.E. and other debt-ridden nonsense.

DOW is on its way to the 200 day moving average on its daily chart which it hasn’t visited in a long time. That will be the first level of support. Then we will have to see if an out-and-out bear market develops, which wouldn’t surprise.