What looked for most of the day like an up day turned lower near the close. The DJIA went down 14 points all the while making an inside day. The Stochastics indicator dropped even lower, but the CCI turned up a little (due to the inside day, I think). The market still looks weak and today might be a halfway point toward a major low. The next level of support is 10317 and we should test it in the next session (Monday).

As noted yesterday, the market won't decline every day in a downtrend so Monday may dip in the morning and recover for a positive close, or the next up day might be Tuesday if the market gets clobbered on the first day of the week.

Our hypothetical short trade from 10728 is now: +286 points.