Dow 30 Nov 03 to Nov 07 Outlook

Recap
Did not expect BOJ’s sudden announcement but the chart told us that it did not want to drop. The footprint of those who knows staring at us with not even one lower high swing on 30 minute. Full range expansion to Y+3. Closed the week above Y+2 and near week high.

Outlook
The surprise “attack” of the markets likely to carry Dow higher into early next week but it may result in very strong reaction pulling Dow back down to at least taking care of the gap below. Timing-wise remember it is NFP week.