DJIA – Dow Industrial Average (Last:10282)

The Dow looks like it’s setting up for a second consecutive 100-point decline. I’ve sketched it out on the 15-minute chart, and you can assume that a precise bounce from the indicated midpoint would portend a follow-through precisely to the target once ‘p’ is breached. The pattern cannot be interpolated to trade the futures, however, since they were wafting blithely above point ‘C’  Tuesday night.