Retest of lows is in the cards; Bear markets typically exhibit a brief higher high or complete a Head & Shoulders pattern before the long term downtrend starts. The thick blue line shows the clear Double Bottom.
From this day forward, look if the Dow takes out the previous day's low, if it does then look for rapid short covering toward the end of the day; this means that daytraders are playing both sides of the market - otherwise the mechanicals and the daytraders are cherry picking tops throughout the day and avoiding large long positions at daily lows.
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