The close of dow -142 is about as strong a reversal as we've seen in many months, maybe since last summer? The VIX closed in a manner that certainly did confirm the index move lower.
The closing hourly index charts...
IWM
DOW
Sp
Summary
From a MACD (blue bar histogram) cycle perspective, we are pretty low...as noted earlier..any downside would be to around 1300 or so.
I do NOT expect a significant move lower in the days ahead..yet.
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Primary target remains 1350/60.