DJIA – Dow Industrial Average (Last:13001)

Yesterday’s low breached the 13024 midpoint support shown by 45 points, implying more weakness is coming. If so, the 12872 ‘D’ sibling of that Hidden Pivot is a logical place to look for a bounce. If there is none, it could presage a selling rout next week as Wall Street attempts to emerge from a summer of extraordinary tedium.  Click here for a free trial subscription that will allow you access to all features and services at Rick’s Picks, including real-time updates and a chat room that draws experienced traders from around the world 24/7.