Dow 30 Apr 21 to Apr 25 Outlook

Recap
Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from above. 2nd push at Y-0 cleared the resistance and gave us a run to Y+1. Closed the week below Y+1 and above midpoint.

Outlook
Odd thin up channel developed last week cannot last.

2 completely opposite outcomes are expected. A breakout of B+1 will lead to a run to at least B+2. This is the case where Dow follows the parabolic run pattern.

A break of 16300 will lead to an all out drop back down to 16100 and below due to break down from thin up channel.