Dow 30 Jan 16 to Jan 20 Outlook

Recap
As mentioned last week, there is limited upside potential and that is exactly what happened. Dow failed to push higher and thru multiple volatile swings, it traded back down near Y-1. Closed the week below midpoint.

Outlook
The weaknesses should continue this week and the downside pressure will intensify as long as no intervention is involved.

The gap below at around B-2 is the downside target.