Dow 30 Sep 23 to Sep 27 Outlook

Recap
Just like the forex majors, Dow jumped higher right from the start and stayed there til Fed announcement. The odd thing though, is that the jump did not result in further push to higher price level. Instead, Dow retraced all its gain. Closed the week above Y+1 and at the week low.

Outlook
A week that is gapped from the previous one is very rare. Such setup usually leads to the gap being filled right after. Hence, a break of B-1 points to tagging Y+1 and then B-2 quickly. From there bulls will stage a big fight to stop the selloff.