Line in the sand #stocks

DJIA is testing its recent weekly low. This is an important level because a close below 29956 could mean a further move down into the breakout rectangle support zone from 29530 - 28328. For now the trend is still up despite the heavy selling today but lets keep an eye out for how the market closes today. Volatility is up but not near the highs of December and it seems to be moving much more then the overall market. We don't want to panic sell into the lows but we should remain cautious.