Dow 30 Apr 08 to Apr 12 Outlook

Recap
Rushed higher to Y+2 by a gap. Then failed to push higher. Filled the gap from the beginning of the week and struggled to hold Monday low since. By Friday NFP report sent Dow to open below Y-0, yet PPT activities were detected and forced Dow to move back up to near prev week close. Closed the week at midpoint and below Y+1.

Outlook
FBO against previous month high. If Dow failed to close above Y+1 which is also March month high, we have a serious sell signal in place. As usual when the situation looks bearish beware of PPT to push the market higher.

Er, my bad, to manage the risk of the market.