Dow 30 Jun 18 to Jun 22 OutlookBy on 2012 Jun 16 Sat 7:05:35
Gap up to the gap top that Dow was supposed to fill. Spent 1st 2 days to clean up this mess. i.e. fill the island gap and flush back down to form a bottom. Then news shocks hit in waves, Y+1 turning into support right before the big rumor was spreaded. Closed the week at Y+2 and week high.
As long as there is no huge surprises from Greece over the weekend, more upside is expected. Y+1 / B-0 is now strong support zone and it will take a lot of effort to break it.
If B-0 failed to hold this market up, there is no real support until Dow is flushed back down to B-2.