ChapmanWave

Dow grey Leg-B needs to digest a slightly overbought situation here.

New greay Leg-B in the Dow as the other indices finally pushed above their weekly resistance lines.

That was an excellent upside reversal after a sharp initial cascade to form grey Peak-A, making Dow 33600s near-term support to hold.

Now we can see the Dow's grey Leg-A become a grey Peak-A, as the rally stalls, hopefully just momentarily.

Dow grey Leg-A extended higher, yesterday, and today could see a mixed 'rest' session.

That was a good session, Friday. Especially with the QQQ rallying. There should be upside follow through by Tues-Wed.

The technically went to an upgraded Sell Mode yesterday, not any of th eother key indices, and needs to reverse that very quickly.

That was ugly as the Dow led the cascade lower, dragging all the other indices lower.

The Dow took a dive for Peak-D yesterday (GS and TRV culprits), and should try to recouop some today. QQQ, SMH-semis, and IWM doing better.

The market might just take a short breather at this time, even as more sectors are improving.