The market remains in a downtrend, though wave analysis indicates a potential end to the current trend.
The medium-term movement vector of Dow Jones indicates the formation of a Triple Three wave structure. Now the formation of the wave [xx] is completed and the beginning of an upward movement within the wave [z] is expected.
According to a lower-degree wave structure, Dow Jones is now moving within the ABC zigzag. In this case, the price is likely completing the formation of the wave (c).
To summarize, at the moment the Dow Jones chart is maintaining a downward movement vector. However, the corrective wave is in the final stage of formation.
In this situation, long positions are prioritized.
Alternative scenario
Short positions will be relevant after the breakout of the current wave start level