Dow breaking out or false break?
On Friday night the Dow (and S&P 500 ) made a new high, with the final closing price off the high.
This sets up a potential false break, the chart is highlighted on the left with a similar scenario at the 17163 level.
Considering the overall price is some distance from the 200 day moving average and a series of very weak
trading periods last week there would be concern of profit taking at this point.
17700 point is the most obvious support level on any weakness.