Chart Patterns and TA

[gfp927z]

Looks like the DJIA futures successfully tested 23,000, which is close to the 200 MA (22,740 and rising), and then bounced, so a good sign (for bulls) in the near term anyway.

So could see a recovery back to 25,000 or higher in the near term. Alternately, it might re-test 23,000 and the rising 200 MA before going into recovery mode, consolidating in the 24,000-25,000 range, after which my crystal ball gets fuzzy lol..

A key question will be the activity (or absence) of the cavalry (PPT/Plunge Protection Team), who may have arrived already. When/if the big collapse comes (planned crisis to bring in the SDR), they will presumably not arrive.