Last week we said since there is always the possibility of some crazy move to occur, one scenario would be that prices do not reverse after moving to the prior swing low.

Because there is a Void of support below that prior swing low, it opens up the possibility of a 1000-point move lower in the Dow.

At this time, it looks like the least likely scenario may be what plays out in the coming week.

With the broader markets and sectors having been moving lower, unless they trade above a prior daily high at a minimum, the assumption is that they will continue to go lower.


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