Scenarios on the chart
Ready for bounce tomorrow. Then start downward journey to 148
If goes down to support line @ 157 and then retraces 50% and going down could create a head and shoulder pattern.
Then I would expect it to lower support level 147.5 area.
DIA broke short term trend. Does it go back to lower FORK line and brings down the rest of the indexes or other indexes bring DOW back to higher high.
Ready to retrace to 77.30 to 80 area.
Once retraces and creates higher low, Short on breakdown.
Target will be 1 to 1 extension from the retracement which about 77.30.
Lets see how it plays out and keep up with price action.
Lets see how price action plays out. Need to see if there is a bounce to 38% retrace.
Once retraces short if makes lower low.