Dow 30 Dec 02 to Dec 06 Outlook

Recap
Consolidation above Y+1 for several days opened the door to Y+2. Then Dow found an excuse and zoomed up there in 1 go. Tagging Y+2 led to a strong selloff back down. Closed the week above Y+1 and below midpoint.

Outlook
Spike reversal late in the week was not confirmed with a close below Y+1 thus it is not bearish enough to signal the start of a significant pullback.

If B-0 acts as resistance and that B-1 is breached decisively, we should see a move back down to B-3.

Without a dramatic move like that, holiday mode continues and the light volume up drift bias will dominate the tape.