Dow 30 Apr 14 to Apr 18 Outlook

Recap
Last week’s warning materialized. Dow collapsed as there is no buyers left at the current level. The buyers showed up below Y-2 could not offset the weekly STOPD resistance. 200% range expansion to the downside. Closed the week near Y-4 and week low.

Outlook
Critical weekly support below. Monday / Tusday spike reversal above B-1 will produce another temporary bottom with above Y-3 target.

Any attempt to rally, as long as B-0 is not cleared, are considered counter-trend and not likely to last.