what you guys are seeing is money rotation out of nasdaq into the dow 30, look for the nasdaq to stabilize and the dow to roll higher
This market acts real HEAVY! And the R1 at 993.75 worked like a charm, giving one a chance to get short with a close stop, looking for atleast the PIVOT, and S1 down at 982.50 A nice set-up day!
something to keep an eye on fwiw! S&P Index Daily (although keep in mind today's price has not closed yet!)
very nice...something else to look at is this grey trendline has a starting point on the weekly(open) at 3/22/02