Dow 30 Apr 20 to Apr 24 Outlook

Recap
As explained last week that option expiration weeks operate with a different set of rules. Dow could not clear the upper boundary as expected and suddenly dropped back down to Y-0 and below to end the week as expected. Closed the week below Y-0 and midpoint.

Outlook
Dow has not broken the weekly up trend, yet. That means if Dow can hold B-1, it will get a chance to move back up to B-0 to challenge the open gap above.
Until daily level down trend is established, it is difficult to tell how much more downside can happen.