3/11 noon

Reaction off of today's lows is an ABC corrective wave, as have all waves since Friday afternoon in DJI, XMI, and S&P.   A potential 5-wave could be in the making in the XMI if it breaks today's lows on a 5-wave decline from 1168.20. 
Updated DJI downtrend channel shows upper limit now 10,576.

Here is the XMI showing trading range since Friday afternoon:

Any break by the XMI below today's lows should correspond to the current S&P flash point 1135.70.