Type:
Bullish Rise

Key Levels:
Resistance: 33432
Pivot: 32614
Support: 31864

Preferred Case:
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 32614 where the pullback support is to the 1st resistance at 33432 where the swing high resistance, -61.8% fibonacci expansion and 161.8% fibonacci extension are.

Alternative Scenario:
Alternatively, price could break pivot structure and drop to the 1st support at 31864 where the pullback support, 38.2% fibonacci retracement , -61.8% fibonacci expansion and 78.6% fibonacci projection are.

Fundamentals:
Due to fresh worries of global growth, we have a bearish view on the Dow Jones Index. We’ll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.