Inside technicals and chart patterns by 
The Dow sold off slightly as panic wasn’t necessarily the mood of the street…but neither was buying going into the long weekend. It’s no surprise that with the Memorial Day weekend investors really didn’t want to take positions in this environment. In the meanwhile the USD/JPY found some buyers as the dollar gained of the ten…strange enough as the dollar broke the 80.00 decade level for a short while this afternoon. With the overall trend of the dollar still down, there is a nice swing set up off the bottom line of the Wave — resistance at 94.81 — setting up just below the 95.00 major psychologicla level.
[...] The trade did confirm as prices bounced (corrected) into the bottom line of my Wave…the 34ema low. You can see that post here. [...]