The Dow (according to the futures quotes that we track) closed yesterday below its alpha and beta price pressure curves around 18,070. On an intraday basis, it reached a low of 17,965 in line with the 17,950-18,000 range that we highlighted yesterday.
On the other hand, the S&P bounced off its alpha curve and NASDAQ bounced off its gamma curve; thus creating an inter-market divergence between the Dow on one side and the other two indices on the other, which calls for extra vigilance.
