Dow 30 Mar 23 to Mar 27 Outlook

Recap
As I pointed out last week, even though Dow is clearly in a pullback correction phase, it will not be an orderly environment. Well, it materialized last week. FOMC announcement produced a squeeze so strong that all losses from the week prior were wiped out in 30 minutes. Yet, Dow failed to push much higher and stalled once 100% range expansion is reached. Closed the week above Y+1 and midpoint.

Outlook
Dow price pattern suggested that it has more wild swings to deal with this coming week. Consolidation between B+1 and B-0 likely.