Our research now shows the next downside short term target for the DJIA is 16850. The lower 200 day support level sits right around 16600. This is a 50% mid line cycle neutral point between a low established in early August around 16375 and recent high within the last week just under 17400. Based on our research 16850 should hold. A break below would bring us down to the 200 day at 16600. This is a repeat move that occurred last April after the powerful rally off the February low. So far nothing has been violated to make us think a large correction has begun. The next employment report might be a catalyst to bring us back to retest highs again over the short term. It’s all about the FED. Next broader market update will be Sunday night.