Last week we saw some bearish price on the lower time frames on the indices market, and this week would be nice to see further downside to confirm the higher time frame bearish outlook.
Here on DOW JONES, a larger, deeper correction is formed. We see a clear double tops in the marking, and on the LTF there is a potential of a reversal correction.
What I would like to see price this week is a confirmed push down on the LTF, forming any small continuation correction along the way, and break previous recent swing lows.
Once price does indeed do that, then expecting the HTF correction to at least complete to push down the price to the bottom of the structure, and re-evaluate to see if we are going to see further breakdown, or a possible bullish reversal from the bottom.