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"It Doesn't Matter Till It Matters"

For the last 35 years, The Dow Industrials has found one technical level to be crucially important in knowing "when to bail on stocks." Currently that level is 15,334 - a closing break below spells significant downside... Of course, none of this matter, until it matters!

 

The 200-week moving-average has been an incredible source of support... and indicator of trouble...

 

And last week's plunge perfectly stopped at the 200-week average support...

 

So all eyes on 15.334 if The Fed hikes or not.

 

h/t NewEdge's Brad Wishak