Although the market continues to move higher, the Dow Jones chart is showing some signs of fatigue in the upward momentum.
The current dynamics of the movement indicate the formation of a triple three. At the moment, the wave [xx] has been formed. After its formation the development of a downward wave [z] is expected.
Lower-degree waves indicate the formation of a downward ABC zigzag. The wave (c) must have already been completed, so the formation of a new wave structure can be expected.
Thus, an upward movement continues to form on the Dow Jones chart, but this impulse is at the final stage of formation so the price may resume a downward movement.
In this case, the emphasis is on short positions that can be considered at current levels.