The DJI could rally for the next few months because of the support line thus most likely retesting the broken trendline. I don't think this rally would be supported by fundamentals so I can see it break down further to the downside if a new high can not be made.
The S&P500 could potentially rally from the curved trendline and eventually form a head & shoulders to then retest the 2000 and 2008 highs. This chart predicts a tumultuous time ahead not only for the US but for the whole world.
Price is currently around the 2009 and 2016 lows (very important lows, especially considering the significance of those 2 dates).
It is now in the process of forming an ascending triangle (currently on what could be the 5th and last touch of the pattern boundary.
I will enter this trade if the breakout occurs. I am not interested in prepositioning myself because...