Dow 30 Jan 05 to Jan 09 Outlook

Recap
Classic seasonal bias for the last two weeks of the year is mild positive gain, so it is not as bad as many thinks about the selloff into end of 2014 since past 2 years the return was exceptional. Closed the week below Y-1 and midpoint.

Outlook
Dow seldom not putting up a fight in first 3 days of trading for the year. If Dow successfully reclaim 2014 close and holding above, we are looking for new high above 2014 year high very soon.

To damage the weekly up trend, a stronger topping formation is needed like double top or header and shoulder.