Here's a look at the 4H chart showing the most applicable 4H Tom DeMark trend line. Notice that it is hitting right around the 50 Fib line from the last major move up, around 235.85. Price has just hit the 38.2 Fib and we could end up seeing the 50 Fib before price moves back up, which is what Karmo had originally been leaning toward from the beginning. It all depends on how the DOW responds.
M2B
M2B