Weekend Charting and Chat - 4the Sept 2015, page-21

Well no surprises there on the US markets. As mentioned 24 hours ago, last night's fall was set up in the previous session.

The DJIA has now formed a bear flag/pennant.

Using a measured move of the height of the flagpole, it gives a downside target of circa 14115





Now normally, one would have to take measured move targets with a flexible view.

However, in this case, 14115 is a key support level - being the 2007 high.

Should circa 15800 channel support not hold, I would expect 14115 to be met rather rapidly.