ChapmanWave

The Dow took a breather after that huge Wednesday rally, still with residual 9/14 strength.

That was a really powerful rally, just missing a new ATH, the SPX500 did go to a new ATH.

Stuck in a fairly narrow range, the parameters near-term are clear.

That was a rather deep slide, yet still - for the Dow, at least - stuck in a trading rectangle.

That was a really strong upspike, Friday, but here comes the real test of internal strength. as there is lots of resistance just above.

The Dow has had just a mild pullback since the ATH last Friday, here comes a test of strength, or weakness...or, just a snooze.

There are now many market related issues that are colluding at this moment to put a cap on upside action.

Some caution is required in this first part of October as uncertainty prevails.

The Dow was weak as the other indices held well, and here comes the challenge- October!

Some caution is needed here as the upside is becoming more selective as only the Dow made a new ATH, Friday.