Dow 30 Dec 19 to Dec 23 Outlook

Recap
Break of Y-1 happened, and we got Y-2 as stated last week. Thereafter, Dow was trapped between Y-2 and Y-1 til the end of the week.

Outlook
Euro zone crisis and news shock has killed off the mid week rally potential in last week. That however, did not cause Dow to drop much at all. That is a very bullish sign. If Dow can bottom out on Monday or Tuesday a very powerful rally can emerge from there to retest Y+1 / B+2 area.

Downside risk of B-2 will be in play if Dow failed to hold at B-1 support zone.