The Dow’s failure, after two attempts, to get past the 11717 peak recorded on September 1 is bearish on its face, but technically buyers can keep trying with no penalty as long as the pullbacks don’t ‘go impulsive’ on the hourly chart.  That they would do, albeit only mildly, with a print today below 11326;  however, a feint beneath the 11051 low from a few days earlier would make for a more impressive jolt to the bullish argument.  Notice that yesterday’s selloff doesn’t look so bad on the Indoo’s hourly chart — not that it did on the E-Mini chart either. But rather than speculate on what this might mean, we’ll simply set a screen alert at  11050 to warn of potentially significant trouble.