DOW opens Wednesday with a new low and a big gap. The daily trend is just now down, but can theoretically change.

DOW day now. Dow closed Tuesday at 12.948. Wednesday opening low was 12.915.9 a big gap from 12.927 which will be closed today most likely. R on upside is 12.964.5. The 8 MA has turned down before crossing 34 MA. A close today below 12.466.7 and the upside correction is definitely over and the target is the bottom of the uptrend at 12.466.7. However from a technical perspective there is still a chance to change the downward daily trend by a close above 12.965.3 today. My advice is to follow the 2 hour trend all day.

DOW 2 hr now. Here you see the gap and a new low just after today's opening. Observe how the 8 MA is turning down a little together with the falling 21 MA. I will be back when Europe opens in 8 hours.