DJIA stuck in a downtrend

DJ:DJI   Dow Jones Industrial Average Index
With the rally last week, it seemed as if indices would rally to ATHs especially off the support TL that was hit on Wednesday. However, a seemingly intermediate-term bottom on EUR/USD             means a falling dollar should send money out of the US markets and into Europe. I feel like this downtrend channel will hold and we're in for a decline leading into May. However, I don't think we'll be anything more than 10-15% rangebound. I'm short /ES right now.
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