Dow 30 Dec 17 to Dec 21 Outlook

Recap
The rising wedge broke out to the upside and turned into an up channel. The upside breakout gave us Y+2 quickly. After fed announcement, Dow made a FBO above Y+2 and collapsed. Sold off all the way back down to fill the gap made last week. Closed the week near week low and below Y+1.

Outlook
The selloff is very weak. It is more indecision and trapped late longs got cleaned out than a significant selloff so far. So the swing direction is pretty neutral.

If Y-0 / B-1 acts as support, we get a run back up to B-0 and likely a gap fill above.

Otherwise, quick flush to B-2.