Dow 30 Nov 12 to Nov 16 Outlook

Recap
Last week mentioned in S&P 500 commentary that both Y+1 and Y-1 may be tagged, and in Nasdaq 100 I called that double whiplash. We got exactly that. After challenging Y+1 and failed, Dow simply collapsed and gave us Y-3 with a pause at Y-2. Sometimes stock market indices are quite predictable. Closed the week near Y-3 and week low.

Outlook
Time to bounce even it may be just a small one. Double Up model going long this week implies the classic option expiration up drift is about to start. B-0 is the upside target.

If news shock happens, there is no support in Dow until Y-5 / B-2 is tagged. So do not pick bottom easily after news shock flushed Dow below B-1.