Dow 30 Dec 03 to Dec 07 Outlook

Recap
Reacted to the head and shoulders neckline initially and dropped quickly below Y-0. Then an all out rally took place and cleared Y+1 in 1 go. After a normal pullback consolidated around Y+1. Closed the week near Y+1 and week high.

Outlook
Breakout upside pattern in place as Dow sitting at Y+1 indicates strength. Clearing B+1 will lead to another explosive move to B+2.

Failing to hold above Y+1 will likely give us a swing back down to B-0 and then Y-0.