CURRENCYCOM:US30 Dow Jones Industrial Average Index
The downtrend we've been following took a steep dive yesterday. So today we should be looking out for that corrective upward wave, given the trend confirmation. Yet, until price trades below 33425, this current price action is still confluent with the upward momentum found on higher time frames. For now, this just means that there is still very much downward momentum we could experience in our time frame encompassed by an up trend. Hopefully this provides clarity for your trading decisions.