🔎 The Dow Needs to Hold This Breakout

As the market recovered some of the losses endured on Friday, it's prudent to reassess key risk management levels that will determine whether Friday's selling was an isolated event or the beginning of something more sinister.

Yesterday, we highlighted the breakout and current retest in the Pacific region. Today, we want to echo that message by pointing to the Dow Jones Industrial Average, which is trading at a similarly critical breakout level.

It’s crucial that bulls defend this level.

The weight of the evidence remains overwhelmingly bullish, so this is merely a monitoring exercise for now.

However, if these levels were to be violated, it would be an early sign that cracks are appearing beneath the surface of the low-volatility environment investors have grown accustomed to.