Dow 30 Jul 04 to Jul 08 Outlook

Recap
17000 round number / Y-2 zone proven deadly for the bears. Y-0 normal reversal target tagged quickly and caught many shorts by surprise. Open gap fill above sent Dow straight up. Closed the week near Y+1 and week high.

Outlook
The biggest 5 day run in the past 5 years, enough said. A pullback is likely and it can be as drastic as the rally this past week. No real support underneath until B-0 and below.