The Dow is down 155 points seemingly a big number. One would think that the charts must be screaming bloody murder! You would be surprised to know that the charts do not see anything wrong with this other than a very normal pullback. As a matter of fact the charts worried more on previous pullbacks (such as the ones in Mid-late April) than today. The Nasdaq was actually going to register a positive day but for the Dow dragging it down just a little.
Rest easy! If you are reading this post check back here after tomorrow's action to get my reading on the markets. The bull is still intact as far as the charts are concerned.