More new lows than new highs on Wednesday again. IBD back to up-trend under pressure, lowered from confirmed up-trend. AAPL and QQQ failed to hold morning gains. An ominous technical pattern is being formed by the DIA (Dow-30 ETF). It is now forming a bearish BWR pattern with all of the shorter averages (red) below the longer averages (blue), with all averages pointing down. Note that the former bullish RWB pattern ended in July.
