Dow 30 Apr 15 to Apr 19 Outlook

Recap
I know what the sell up is, so does PPT. Intervention activities on full gear last week. First, breaking the resistance zone mentioned last week to induce a 1-2-3 buy breaking above Y-0 for a short squeeze to Y+1. Then another one to hold Dow above Y+1 to force a rally to above Y+2. 150% absolute range expansion was too fast too much and Dow paused since. Closed the week near week high and above Y+2.

Outlook
Blowoff phase of the stock market started.

First, one cannot tell how far a blowoff move will go but we do know that none of the previous blowoff move last more than 3 weeks and none of them can do more than 10% higher.

Second, all blowoff phase of the stock market rally marks the end of the long term bullish cycle with at least a quick drop of 8% to 10% to kick start the long term bearish cycle.

End game is here.