Type :
Bearish Drop

Key Levels:
Resistance : 32600
Pivot: 31872
Support : 30974

Preferred Case:
On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 31872 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 30974 where the swing low support and 78.6% fibonacci retracement are.

Alternative scenario:
Alternatively, price could break pivot structure and rise to 1st resistance at 32600 where the pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection are.

Fundamentals:
Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index. We’ll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.