DJIA – Dow Industrial Average (Last:15115)

Friday’s final-hour plunge came within a hair of a well-defined target at 15107 on the intraday charts (see inset). My hunch is that follow-through selling on Monday morning (or perhaps Sunday night) will breach this Hidden Pivot support.  Were this to occur, the bearish implications would be the same as if the breach had occurred on Friday. In any event, we’ll want to monitor minor upward abc corrections closely, since the failure of any such pattern to achieve or exceed its ‘d’ targets would be indicative of weakness of higher degree yet to play out.