Dow 30 Jan 07 to Jan 11 Outlook

Recap
Down trend broken quickly right before the holiday after Y-0 was taken out with ease. That staged a strong push towards Y+2. And fat chance for daytraders to get a piece of the action. Dow gapped about Y+2 and drifted towards Y+3. At least this part was well behaving. Closed the week near week high and Y+3.

Outlook
Rising wedge in place. If the pattern continues, a break of the support line will lead to at least a retest of Y+2. If Y+2 is flushed through, B-0 will be likely.

As mentioned in my article, if it is a repeat of last year, the push down will be shallow and then an all out rally will be forced upon the stock market.