Since the beginning of the year the US index gained almost 8.0% but last week managed to stay afloat with a minor drop of 0.2% in addition the US index continues in a bullish phase since mid-May. Last week the index initially tried to rise but found enough resistance to trim all of its gains, reversing and closed near the low of the week, in addition managed to close inside the previous week range, which suggests being slightly on the bearish side of neutral. The stochastic is showing an extreme overbought market and is setting lower highs while price is making higher highs, signs of a potential bearish divergence. Dow Jones Industrial Average is holding above the 10-week moving average that now should provide a good dynamic support for next week. Expecting a downward move to a key level at 20,500 (scenario 1) or even down to the weekly support at 19,931 (scenario 2) on a break below the previous week low at 21,281.