Dow 30 May 13 to May 17 Outlook

Recap
No retest of the support trendline. Instead, follow thru with another straight up rally for 4 days in a row. Found resistance near Y+2. Closed the week above midpoint and Y+1.

Outlook
Retest of B+1 or going higher to tag Y+2 is normal. The problem is that Dow has pretty much exhausted all its buying power with almost no support within nearest 200 points. It has setup itself for a nasty drop to at least B-2.

Of course, as everyone already know, any significant drop will have to be subjected to the mercy of Fed. But what if someone bad happens that Bennie and friends have not anticipated?