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S&P 500
5,048.42
(
-0.46%
)
US TECH 100
17,162.80
(
0.60%
)
Dow Jones
38,085.80
(
-0.98%
)
Brent Oil
88.33
(
0.20%
)
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DiscoverGold

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DiscoverGold

Re: None

Friday, 09/30/2016 7:35:47 AM

Friday, September 30, 2016 7:35:47 AM

Post# of 54865
Marty Armstrong: Dow Jones Industrials

* Thursday, September 29, 2016

The Dow has made an outside reversal to the downside today precisely on target. The next key day for a turning point will be October 4th. Looking at the array, you can see the 29th as the turning point. Then look down and you see a Panic Cycles. All Panic Cycles are primarily outside reversals meaning it can exceed the previous session high as well as the low. As monthly closing tomorrow BELOW last month's low of 18247.79 will be a technical indication that we should move lower into early October. Our Quarterly model show 18138 so a closing below that level will also warn that the market is not ready to rally and we could in fact see even a year-end closing under 17823.



• DiscoverGold

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold

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