Bottom on the DOW for the day 7/31/15: OP retest and Low trade volume (trap)

OP retest and low trade volume trap could signal that the DOW bottomed for the day. If not, it's given us enough of a move in our favor on the short-term BOT that we're risk-free on the trade. So, it's considered a good "attempt" now.

First, the Origination Point (OP) retest, highlighted with blue circles. We wiped out the up move gains, stopping traders out the caught that long leg starting yesterday.

Second, low trade volume at low of day, 4 contracts traded; circled in green on the right of DOM.

If we hold a higher low today from yesterday, the long BOT longer-term is still intact. Being that we set a new high today compared to yesterday, the structure is still in place for the long BOT.