Dow moving in small and tight range before the next main move.

There is on the important 2 hour chart a new closing low at 11.322 which is below all support points for a further drop for the Dow. That close came at CET 10.00. The 12:00 close came in at 11.346,5 which was a test of a previous close. Dow could not get above that resistance. Now awaiting the 14:00 close the trend is above the low close at 11.322 but below the 11.346.5 close. I think that a close below  the 11.322 might start a further drop.
There is a chance of a rally up and test the key-reversal bar from yesterday but the technical picture right now tells me that the 11.322 close will not hold very long for now.