Although the market maintains an upward momentum prevalence, the Dow Jones chart shows signs of a possible end to this trend.
There is the development of a triple three wave structure on a higher time-frame. Currently, the wave [xx] has been formed. After this the price should resume its downward movement.
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).
Despite the positive dynamics of the market movement, the possibility of resuming the downward movement after the completion of the current wave shouldn’t be excluded.
In this situation, it should be emphasized that short positions remain preferable.