My TrueCast forecasting models are flashing signals the Dow has more work to do to the downside. It appears a breach of the 17000.50 price level sets up further selling into a target of 16876. Adding a 10% tolerance produces a price target range of 16889 to 16863.
My timing models are indicating the price target will likely be achieved between the Friday, July 18th market open and the Monday, July 21st close.