The Dow continues to make progress toward the April 2nd low at 23,344.50, a break of which should accelerate the decline. The Dow is either progressing lower into Minor wave 3 or Intermediate wave 3, both will draw prices down--WAY LOWER. Yesterdays closing NYSE Trading Index of 1.25 show a lack of panic, telling us that the decline is not complete. A brief snapback is expected to continue and is expected to be a countertrend rise in a larger degree down. Expect resistance to be 24-588-24,662.10 which includes the gap left at yesterday's lower open.
