Dow 30 Dec 05 to Dec 09 Outlook

Recap
A bounce was expected as mentioned last week but the selloff part never happened as central banks around the world decided to interupt the normal functioning of the markets worldwide. Gapped up above our minimum upside target of Y-0 then 2nd shock forcing another gap above Y+1 and that sparked the short squeeze to our Y+3 target. Stalled from Y+3 on Friday and closed the week above Y+2.

Outlook
As long as there is no more intervention this week, B-0 is likely to be tagged.