CBOT_MINI:YM1! E-mini Dow Jones ($5) Futures
Yes we have seen these same decline recently with just as violent climbs shortly thereafter. This time the fed is announcing the end of the current asset purchasing program so we will see what happens.
Comment: close up (1hr) shows the price action trying to get back above support and the daily hasn't closed under the support so there is still a chance at the support actually holding, if you discount the weight wicks may or may not hold. Tons of trapped shorts under that support so we could see a capitulation and mark-up due to short liquidations causing a nice bounce. TRADE WHAT YOU SEE!!! but always wait for a confirmed signal.