This is an hourly chart of the DIA, the Dow's ETF. It just broke down out of its short term uptrend channel from late September. But what looks more ominous is the second chart, it is the same break from the perspective of the hourly chart going back to March. This is something to keep an eye on over the next few days as the market may be in the early stages of an intermediate term reversal down. So far it has saved itself every time when of these breaks have occurred. At some point, it will not.
