Here's my DJI analysis from a smaller time frame perspective.
This is another case of being patient to allow certain things to take place before execution. My bias is definitely short for the Dow Jones Index due to a number of factors, but I'll name a few.
Confluence (3 or more):
-Price breached a significant HTF OB
-Price broke through HTF Diagonal Support
-Fresh HTF OB patiently waiting above price
We shall see.
This is another case of being patient to allow certain things to take place before execution. My bias is definitely short for the Dow Jones Index due to a number of factors, but I'll name a few.
Confluence (3 or more):
-Price breached a significant HTF OB
-Price broke through HTF Diagonal Support
-Fresh HTF OB patiently waiting above price
We shall see.