The Dow is playing catch-up to the S&P 500, which broke last year’s low. The lagging Dow still reflects the difference between big international money and domestic. Nonetheless, our opening pivot number for this week was 16153. Opening beneath that number warns we may close lower for this week moving into next week where we may see a low form. A daily closing below 15877 will warn that the Dow can make lower lows.
