Dow Jones finished down again this week and well below channel support that goes back to October 2011. The MACD is clearly pointed down – bearish for several weeks to come as we mentioned over two weeks ago, although we could see a bounce next week – see daily and hourly. We continue down the road of primary wave 3 down. There are two channel support lines that need to be broken to confirm wave 3 down – one down, one remaining. Worth noting, the US Dollar was up on the week yet again. Please see our US Dollar charts for more info.