$INDU:Timing the Market Opinion

[bsdvs23]

$DJI double bottoming here, but we may need to test the lows of October around the 24,132 area before the institutional buyers step in heavily.

Futures are bouncing since the 10am hour; however, the market internals remain very weak today and the VIX remains above 20. I suspect Futures to selloff into resistance; however, we'll see how this plays out.

Apple and Amazon need to turn around to help this market bounce. Major gaps have been filled by the Tech Wreck. Apple is on the boarder of filling a gap from this past May between 169 - 173. Only time will tell.

Upcoming events G20 and Fed Interest Rates are high on the holiday radar.