DOW

This is still in this channel....until it can can break above its going to keep going down imho...
16280 top of trendline hit yesterday and 15640 down trendline today. so bounce now possible...best case for bounce 15900/15950 area.(falling every 60 mins)
scalp longs ok, but could be small bounces, off the down trendline.

Best place to trade imho is short from the top of the trendline imho..
Regards,
Trendfriend.

I've had a cheeky long today, based on SPX hitting support from oct14/aug15 lows.

Dow looks like its in this channel on the hourly chart.
I'm looking to short on the top of the channel @ 16280.(if it gets to that level, trading hours only) with 30 point stop.

Regards,
Trendfriend

The chart suggests downtrend - bear market. where next????

Hourly chart below.
Looks suspiciously like a bear flag to me, and its on the verge of breaking down
Going be nasty when it does!

Updated detailed chart - dyor...
GL