The support on our weekly models lies at 17253 and 17068. Weekly closings beneath these numbers will confirm that a correction is in progress. Keep in mind that a decline in the share market should send capital into a final spin with the rush to a flight to quality creating the last peak in government. This is the bubble in government; after this turn in the ECM, we will see a very confusing and interesting future.
Keep in mind that during such events, there is no sector that is left untouched. Everyone will suffer for there is no safe-harbor for capital during such monumental periods of confusion.
So as we move for the closing this week, pay attention to these numbers.