"Our models show more of a reaction than a change changer. Just watch the 160150 level in the 30-year bond futures. A monthly closing below that level will signal the Bond Bubble has burst. In the Dow Jones Industrials, the number to watch will be a monthly closing below 17330. These are the numbers to pay attention to that would signal a change in trend mid-term. Meanwhile, a closing in gold on a monthly basis below 1242 will also signal a change in trend to the downside is likely."
From Armstrong Economics