Dow 30 Jun 24 to Jun 28 Outlook

Recap
The now routine Monday gap helped Dow to hold the close from the week prior and zoomed up to almost Y+1. That did not change the breadth bias to the downside at all I pointed out last week. When Y-0 was breached to the downside, the Y-2 target was in play. Tagged that and flushed down to Y-3 before Dow can bounce off. Closed the week below Y-2 and midpoint.

Outlook
The bottom was dirty thus there is a good chance it will be retested within a week or two.

A bounce to Y-1 and gap fill above is possible but it should cap the upside.

Dow in a strong daily level spike and ledge pattern pointing to below 14,400 in play.