Posted Aug 24, 2015 by Martin Armstrong
We show important closing support at 16258.10 on our What-If Model. A closing above that level will help to firm today as at least a temp low. A closing ABOVE Friday’s close of 16459.75 will be an additional positive reflection that today’s low should hold at least initially. So far, the Dow has penetrated the October low of 2014 at 15776.58, which was the last panic event reaching 15370.33.