Dow 30 Jul 04 to Jul 08 Outlook

Recap
Y-1 was not touched and we get the rally we expected. Better yet, it is exactly 200% absolute range expansion. What more can we ask for?

Outlook
200% absolute range expansion is also often exhaustion. This coming week will likely be consolidating within Y+4 and Y+1 to B-0. This range is big enough for several major swings. Good daytrading opportunities ahead.