dow has trendline resistance it could break.

all markets are trying to climb out of the hole this morning. they could do it, but with a selloff fresh in our memories, it is very hard to be a buyer, knowing that at any point the sellers could regain their confidence and try dropping it again.

From a risk management standpoint this lowers the probability of finding a stop loss in a protected area. with the threat of bears in the air, there essentially isn't a protected area, which means you can probably only rely on pattern breakouts, which I'm not really seeing much of. They have been forming, but they haven't initiated big volatile moves like you would see when a market has clearly picked a direction.