Dow 30 Oct 12 to Oct 16 Outlook

Recap
Dow gapped above weekly resistance and cleared the open gap above right from the start. This set the stage for a run to Y+2. Y+2 turned into support sending Dow up to Y+3. Closed the week above Y+3 and near week high.

Outlook
100% range expansion directional run is sign of exhaustion. Failing to hold above Y+3 points to a quick drop back to B-0 and below.