Dow

The DJIA closed up and the size of the move in points is meaningless given the size of the trading ranges. So when you see this chart you do not see any upside progress. Dow is in wave ii of C down. The only question is how much of a bounce is wave ii going to give. 24400 is the immediate resistance from where the fall might start right away or the 20dma is at 24701 as the next resistance from where wave iii down can start.