Dow 30 May 30 to Jun 03 Outlook

Recap
Tried hard to produce the extreme bearish formation of Y-1 acting as resistance and failed to do so. That points to a retest of previous close area that just happened to be Y-0. The tagging happened later in the week.

Outlook
Rejection of going lower from Y-1 means Y-0 and Y+1 are in play.

Once we get a breakout above B+1, Y+1 is likely.

The less likely scenario is that it drops back down to Y-1 for another fight there. As long as B-1 acts as support, it is not a good short formation.