For the last 35 years, The Dow Industrials has found one technical level to be crucially important in knowing “when to bail on stocks.” Currently that level is 15,334 – a closing break below spells significant downside… Of course, none of this matter, until it matters!
The 200-week moving-average has been an incredible source of support… and indicator of trouble…
And last week’s plunge perfectly stopped at the 200-week average support…
So all eyes on 15.334 if The Fed hikes or not.
h/t NewEdge’s Brad Wishak
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