US30 - WEEK 15, 2023.

Lastly, I have the same bias on the dow as I do on nas. We are now seeing price range at a major level of resistance after grabbing a large point of liquidity with multiple indecisive daily candle closures implying it doesn't want to continue up. (it still can) but for now I believe if we see todays candle close below yesterdays ultimate low (33280) we could be in the run for shorts down to 33000, 32600 and lower.

At this very moment we can see on the 1h interval that there was a shift in structure at 33388 on Tuesday at 15:00 in which was followed by a retracement into my into the 61.8 retracement level and to my main zone of interest.

With all that, I believe it will be best to wait for this daily candle to help confirm this bias with a closure below 33280 before entering in any trades, plus I already have equity placed in nasdaq shorts as of now and these two move the same 99% of the time so it would be pointless to have equity in both at this moment with the uncertainty and NFP just hitting us as I am typing.

Update: NFP and unemployment is in favour with this short bias so let's see what happens in new york session..
NFP: 236k (actual) Above 228k > bullish DXY, bearish indices.
Unemployment: 3.5% Below expected of 3.6% > Bullish DXY, bearish indices.