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The Dow - Breaking the Bull Market?
By: Marty Armstrong | February 2, 2018

Last week's low in the Dow was 2597465. A closing today beneath that level will confirm the January high and we should see a pull back to retest the critical support. The Weekly Bearish Reversals begin at the 24741 area down to 24696 area. If we can close beneath them quickly, then a sharp correction is likely into early March.

The critical decision for the market will come the week of February 19th. At that point we will begin to see the market determine the direction for a move ahead. From the week of March 12th we should then see a trend unfold.

As long as the January high stands, then we should see a March low. This correction has the major underlying support on the monthly level which begins back at 22410. So it will be a question of TIME and PRICE. Falling back to that level in early March and holding, may be an excellent entry point. Of course, if we penetrate that level before March, then we are looking at the 21600 area.

REMEMBER - It is ALWAYS the TIME that overrules the price.

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