Dow 30 Oct 22 to Oct 26 Outlook

Recap
The US stock market was as messed up as it can be last week. Dow simply zoom up right from the start of the week and almost took out Y+1 but failed to do so. Then it just collapse back down to rechallenge Y-1 but holding previous week close and bounced. Closed the week near Y-1 and week low.

Outlook
Bearish for another week. B-2 is the next likely target.

Although it was inside week, we can now see clearly that any price above B-0 / Y-0 is not sustainable. It is very clear that manipulating / coordinating a short squeeze above Y-0 last week did nothing but just helping the dominating players to distribute their holdings.

And this will not be a easy ride down as we have witnessed how wild the short squeeze can go.