The Dow fell about 200 pts today, almost all of which was in the last two hours of trading. That got my attention. As is illustrated in the DJI chart below, price closed just below a trendline coming up from mid-May. Significant? That depends on tomorrow, as a even moderately down day will make this chart look a whole lot worse for the longer term big picture. Up next is the Fed tomorrow and then the heavy hitters' earnings day on Thursday (AAPL, AMZN, FB, GOOGL). Boring as today may have seemed, it could be setting up a volatile few days ahead. Follow-up from the Weekend Update
