Bulls failed to rejoice with their 290-point climb in DJIA last Monday after the Bears angrily dumped shares the following day. This was a clear answer that the 11,500 to 11,600 region is the Bear's turf.

With Tuesday's fall, the forecast on DJIA is still placed on red, targeting 10,800 for the near term.

Major Support : 10,732

Game is over with the target point of the bearish rising-wedge getting hit at 1,230 for broader-shares index S&P 500. However, with current bearish sentiments and short-term trend intact, we still call for a down trend on S&P 500 for the near-term.

Major Support : 1,200

NASDAQ failed to recover its gap over the week. With the big drop last Tuesday, it will be difficult for the Bulls to close the gap. The forecast on NASDAQ is still a down trend for the near-term.

Nevertheless, caution should be taken with NASDAQ stocks as it may attempt another recovery that may cause whipsaw trades.

Major Support : 2,167