The DJIA is retracing its decline from 36,565 ATH on Nov 8th to its low last Friday @ 34,750. As is shown on the chart below, the retracement rally has yet to reach its first Fibonacci resistance level @ 35,390, about 200 Dow points higher than current levels. Next leg down is pending, either from current level @ 35,195, or 200 points higher @ 35,390.
