Click on Chart to EnlargeI usually show charts of the S&P 500 or SPY, but the chart of DIA today looks interesting because of the two obvious doji candles the last two sessions. The picture is similar in other indexes, but I thought this chart was the best.
What we need to see now is a large up day preferably beginning with a sizeable gap up to help confirm the rejection of this price level in the near term. Any rally that begins here is likely to be sharp and sizeable I believe.
We'll see what tomorrow brings.
Pete
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