We blew through the 50% point on Dow since Nov 2016 today - about 22.5k.

16k is testing the next low long term low, double bottom when Trump won the election and would erase all his gains. Seems like a long way to go from here to get there, but I have no doubt the deep state is gunning for that psychological number.

I’m gonna say 18k. That’s the last base before the market really took off. I also think we need 2-3 months of settling before any direction change.