Big Daddy,If you look at the shorter term chart posted earlier...

Big Daddy,

If you look at the shorter term chart posted earlier you will notice the resistance that the DJIA currently faces.

It is most likely the Australian market pre-empting the difficulty of clearing this resistance. Could also be influenced by profit taking with the high aussie dollar (rate cut) or "sell into the good news" supply etc etc.

I have delayed data, so cannot show todays xjo candle. But it should be shown on Redbacka's post earlier in this thread. It is a bearish inverted hammer. Bullish hammers and bearish inverted hammers have been very effective at signaling turning points over the past year on the XJO. I have numbered them throughout the chart below.