Dow 30 Aug 05 to Aug 09 Outlook

Recap
Warned in my premium member newsletter special update that extreme wild swings were expected last week. Also warned here last week that whiplash coming. We got wild swings in both directions indeed. Dow managed to hold Y-0 and forced a breakout to new high. Closed the week above Y+1 and near week high.

Outlook
Whiplash is a result of strong opinions among the bulls and bears at 2 distinct price levels. The push above Y+1 does not make it a clean sail to higher price level. Instead it staged itself to snap back down to Y-0 again. A break of Y+1 will easily send Dow back down to B-1 and below.

Messy price action expected again on intraday basis.