Dow 30 Jul 29 to Aug 02 Outlook

Recap
As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the week above Y-0 and midpoint.

Outlook
Outside week. Potential whiplash in play, the first boundary gets taken out will likely be FBO and the reversal will take the price to the other extreme.

Pay close attention to the direction of US dollar. It will be the leader in terms of change in direction.