The initial drop of a new leg down has now been followed-up by a sharp news related gap-up this morning. As price is once again in a retracement window (shaded rectangle on charts below) we are looking for a drop down out of the window, followed by a close of this morning's gap (34,700), to confirm the start of another leg down, this one a Wave 3 of 3 to well below the Jan 24th stock market lows. DJIA 30 minute DJIA Close-Up
