ChapmanWave

Not bad action yesterday. Let's see how the PPI numbers in a few minutes impact the market

That almost 0% change in the Dow's close allows for a bounce today; how high, and can it hold is the question.

With yesterday's continued weakness, the Dow could have a countertrend bounce later today- perhaps after the Fed minutes as this digestive faze unfolds.

This choppy phase continues after Dow Peak-D daily formed.

There is a good chance that the anticipated market choppiness continues early this week.

Dow was a little weak, the SPX and Qs held better. Let's see how the economic news this morning is handled.

That was a huge response to the Fed's next possible lower rate increase.

As the Dow stalls buyers are still buying the dips, and sellers come in on rallies.

That was quite a slide yesterday- one which we had anticipated- and now comes the test of near-term direction.

Even with last weeks' excellent action, the blue OBV is suggesting a bit of a breather is likely early this week.