Dow 30 Aug 15 to Aug 19 Outlook

Recap
Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint.

Outlook
Test of year high in progress. Failing to clear it will lead to sell off back down to at least B-1 and likely B-2. This is first test of the year high, the selloff expected is not necessary something bearish on long term basis.