ChapmanWave

Making a lower low in leg-e, the weekly- with 2-days to go - saw the 9/14 flip negative.

That was ugly, but there is a chance that the selling - even if there is a bounce today - is not yet done.

The Dow slumped to the 200-ema - now a magnet line.

The pattern taht we have anticipated for a while, the h- to m-formation has unfolded, making the next few sessions really key.

The Dow slumped almost to the left side low in the h- to m-pattern, yesterday. Key few days coming.

With yesterday's slide after the Fed Speak sideswipe, tomorrow's weekly chart patterns become important to monitor.

Monday's narrow session might be repeated somewhat today as the market assesses the impact of all these strikes.

Giving back Thursday's gain keeps the Dow in this anticipated h- to m-pattern.

That was a strong grey Leg-B rebound as the 9/14 flipped positive, making the next 150-points up or down key to the near-term trend.

This sideways action can last a while longer, as the Dow tries to hold intraday gains - chart doesn't download.