Technical Analysis of Dow follows through

My last post was back on April 22nd where I posted two charts, one of the Dow weekly, and the other of the Dow daily.  I pointed out a significant pattern which seemed to be playing out in the markets. As you can see in the new chart, the market has given up quite a bit since I posted the original charts.  Here is how things have played out so far:

I'm not too sure about direction of the market after the mess we saw today, but I do know that I am not overly anxious to jump in on the long side again just yet.  Have a good evening everyone and good luck tomorrow.