In my technical perspective, since the ^DJI’s primary trend which is the 2-year uptrend has just been broken, if this is really a major trend reversal, it’s likely that selling pressure will follow through. Other than that, checkout some of its basic technical indicators. Most of them are pointing downwards like when you take a look at the key moving averages. The DJI was moving above the 50, 100 and 200-day moving averages when it was uptrending but is now moving below it as it downtrends. Also, the MACD is sinking below the 0 line and about to make a bearish crossover. Moreover, there could be a 1-month rising wedge pattern forming right now as the ^DJI rallies. If this is indeed a rising wedge (it’s support was actually tested yesterday), a breakdown from this bearish chart pattern could bring the Dow Jones all the way to the 10,000.00 level. This I got by adding the size of the rising wedge to the possible break down point. But before it reaches that marker, there could be some support at 10,588.50. On the flipside, a break above its 1-month downtrend, immediate resistance and the 50, 100 and 200-day moving averages could bring the Dow Jones Industrial Average back to the bullish track.