Dow 11,060

With yesterdays market action the Dow and the S&P 500 are under our flash crash warning signal.  For the Dow that means the minor support level at 11, 360 and major support at 11,060 is in play over the next week. Those levels are down 880 to 1180 points from yesterdays close.  At the extreme that would be down 14 percent from the year’s high.