Dow 30 Jul 27 to Jul 31 Outlook

Recap
Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week low.

Outlook
Directional momentum moves cannot be stopped easily. More downside is expected. Until B-1 turning into support after flushed through, we do not have a strong case for counter-trend bounce play.