Dow 30 Jul 14 to Jul 18 Outlook

Recap
The bad news for bulls materialized last week. Dow tried hard to hold every intraday support zone yet breached them all when the news of another bank trouble had surfaced. Interestingly, Dow closed the open gap from the bad news and took off fiercely. Closed the week near Y-0 and above midpoint.

Outlook
Inside week with close near both midpoints is indecision. Volatility picked up also implies more wild swings are in the card.

3 open gaps are now created above the current price level. It is difficult not to get one or two of them challenged next week. If these gaps show strength as resistance, B-1 and B-2 will be the target for the next leg down.