The Dow Jones has backed off penetrating yesterday's low. If we close below that level today, then we may have the high in place for the week. We should expect a retest of the technical support at 23190 and at the time of this post it is trading at 23327. A closing below 23050 will signal that a pullback is likely, but note that we have support in the 22945 to 22970 area. A closing below this level of 22945 will imply a correction for now. The Weekly support lies at 22415 so only a closing beneath that area will signal a more sustained decline. Keep in mind that this market is still capable of turning back up for three days if we closed above yesterday's low of 23,343.23. From a timing perspective, an October high would imply a 2 month correction into December. So how October finishes will be important if we will see a continued cycle in version meaning a rally into December if we exceed the October high next month.

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