Dow 30 Feb 09 to Feb 13 Outlook

Recap
I was looking for a reversal and we got it. The run back up to Y+1 was not a surprise. What is interesting is the continuous grind up despite the fact that Euro zone crisis has developed further into chaos. By Friday after NFP report, Dow finally pullback from near Y+2. Closed the week above Y+1 and midpoint.

Outlook
Extremely bearish setup in the making IF Dow cannot clear B+1. A fall back down to B-0 is likely and much lower if B-0 / Y-0 fails to act as support.