DOW daily chart now. You see today's bar has moved very little around last Friday's close so far. From below 200, 8,21,34, and 50 MA are all down but 200 which is slightly up. The 8 MA might cross the 200 MA Tuesday. The only support right now is the bar far to the left on the current dotted price line. DOW has made five waves on downside from the double top and could start a rally soon up to the 8 MA eventually. A 3 wave correction after 5 waves on downside is the main rule - Elliott.
This is the 2 hour chart now. The trend is sideways and can break on upside for a rally
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