Dow 30 Aug 24 to Aug 28 Outlook

Recap
Dow pushed higher as expected early in the week. Since then failed to clear the upside and breached Y-0. The break led to all out sell off since. Closed the week below Y-3 and near week low.

Outlook
A bounce is due but not necessary what we normally expect. It can be a huge squeeze higher thanks to the increased volatility but that does not translate to a reversal automatically. Expecting wild 2-way play all week with a slight bias for positive close on weekly basis.