Dow 30 Jun 17 to Jun 21 Outlook

Recap
Original accessment that Dow would consolidate between Y-0 and Y+1 was correct for the first part of the week. Then the b.s. gap up in mid-week failed to pop the market higher. Dow flushed back down to fill the gap below. Closed the week below Y-0 and near week low.

Outlook
Looking for further downside to create a swing bottom at Y-1 down to B-2. Dow can go lower than that but not necessary.

The rare case scenario is that Dow popping higher above B-0 quickly and B-0 acting as support. That can launch Dow up to B+2 in a few weeks.