Weekly Outlook (Aug 27th - Aug 31st) : Dow Jones, Nasdaq, S&P500, and Volatility

As per last last week article:

Expected S&P500 range : 1420 to 1396 (Sell off)  Actual: (1426 - 1398) Closed at: 1411

Expected Dow Jones Industrial Average range: 13281 - 13129(Sell off)  Actual: (13326 - 13029) Closed at: 13157

Expected Nasdaq range:  3076 -2996( Sell off) Actual: (3099 - 3042) Closed at: 3069

Expected Volatility Index range: 13.29 - 15.34(Rise) Actual: (13.47 - 16.45) Closed at: 15.18

Analyzing last week Dow jones performance 

Chart mention in this article is applicable to S&P500, Nasdaq as well unless there is shift in the trend.

As shown in the chart, stock market has survived after sell off as seen in the 3 month chart.

Dow Jones 3 month chart shows, it has managed to move above 200 ma after every sell off. 

Expectation for Aug 27th - 31st:

Dow Jones expected to sell off except Monday, when it expected to rise.

Expected S&P500 range: 1420 to 1378 (Sell off)  

Expected Dow Jones Industrial Average range: 13206 - 12906 (Sell off)  

Expected Nasdaq range: 3076 -2949 (Sell off) 

Expected Volatility Index range: 15.29 - 18.34 (Rise)