Dow Jones 32% Correction Bearish Bias Updated

I have been proved wrong about being bullish lately. I took a couple L's and had to step back. Using the monthly chart, I have marked in blue lines every year's open. I can see a clear support area at the 2020 yearly open. This will take out the lows of both 2022 and 2023 low.

I will be ignoring any bullish bars in anticipation of them getting eliminated.

Yes, the long-term trend is indeed bullish, and this 32% correction will be a counter trend to the current bull trend.







The 2020 open is EXACTLY 50% of the high/low



Market declines in %:







Bearish Setups to employ:

















Moral of the story? Don't pay attention to bullish bars as they will soon be wiped away.