Dow 30 Dec 22 to Dec 26 Outlook

Recap
Monday we saw a brake was applied then Tuesday we get a repeat. A lot of people did not get the memo that it is the week to go long. That trapped many people on the wrong side and created a spectacular squeeze. Dow refused to stop until 100% absolute range expansion was reached. Closed the week above Y-0 and near week high.

Outlook
Although the general trend for year end is an up drift, there are rooms for price shock to drop Dow lower overnight and spend the days to dig itself out of the mess.

Obvious strong support is B-0 and the open gap below. First touch of that will likely lead to a strong bounce.