The price correction was aggressively bought for weeks after the flash crash.
A potentially huge bearish signal was triggered today. As of now, the market is officially on the "non-confirmation" clock between the Dow Industrials and the Dow Transports. The Industrials must move to a new all-time closing high in order to confirm the so-called cyclical bull market. As of now the non-confirmation shows a severely "fractured" and unhealthy advance of the markets.
Normally the the bearish non-confirmation would be resolved in due time and confirm the move. But in this case, unless the Industrials proceed to gain some 1300 points in a short amount of time, the chasm between the 2 indexes will stand out.
This is the largest non-confirmation in history between the two indexes no doubt.