Dow 30 Jun 16 to Jun 20 Outlook

Recap
Gapped above Y+1 to start the week but failed to hold above. As a result, a quick rush down to Y-0 and in turn opened the door to Y-1. Closed the week near Y-1 and week low.

Outlook
Outside down week following trend buy week is bearish. Two outcomes are likely.

First, consolidation around B-1 at 50% range.

Second, an uncontrollable selloff straight down to at least B-2. Since it is uncontrollable, it must start by a surprise thus also very difficult to capture on swing basis.