The second leg of decline in stocks from their January high has now reached time equality with the first leg of decline from December high to mid-January low, offering another opportunity for a bottom. Let's see if it materializes and if it holds. See chart 1.
Chart 2 tracks a potential flat in the Dow. And also note the price structure differences across benchmark indexes.
[1040am] INDU/NDX/SPX update -
[830am] ES update -
