Dow 30 Jul 28 to Aug 01 Outlook

Recap
Gap down to start the week with a test of Y-1. Y-1 rejected decisively led to a run towards the resistance zone mentioned last week. Spent most of the week holding above Y-0 until the sudden collapse. Closed the week below Y-1 and midpoint.

Outlook
Potential weekly and monthly FBO in the making. More downside is expected as long as B-0 is not breached.