Dow Testing Key Technical Support

by Martin Armstrong
Armstrong Economics

The Dow is now testing key technical support at the 17624 level and breaking this level warns that a correction becomes possible. We have two very important Weekly Bearish Reversals at 17434 and 17120 level. A weekly closing beneath the 17120 level will signal a sharp sell-off of about 1,000 points or down to the 15400 area. Gold has finally exceeded the March high and silver reach 1802. How they respond now to the 2015 high of 1307 and 1850 will be important to determine if we have an extension of this chaos in all markets or are we just pushing everything to the maximum.

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