Dow 30 Jan 18 to Jan 22 Outlook

Recap
Did not get a flush on MOnday so the bounce was also weak. News shock from various fronts sent Dow lower and eventually breaking the psychological support at 16000 round number. Closed the week near Y-2 and below midpoint.

Outlook
Notice the week actually followed the consolidation actions behaviour as mentioned last week until Friday gapped down hard breaking the pattern. Surprise move usually gives us 100% range expansion of the consolidation range. This points to a drop to near B-2 but not necessary.