This is where we separate the men from the boys

We are reaching oversold levels on the weekly charts.

This is where I start tweaking my hedges.

I think this week's closing should give us an indication of direction for next week.

A close below 24000 on a weekly basis points to some more work to the downside possibly till the mid terms.

Fiscal policy around the world is still suggestive of a strong US$ and higher rates. So the DJI is still a valid refuge for global capital... till it will be no more

Usual caveats apply