Dow Futures; potential reversal to the upside or dead cat bounce

14 Kas 2021

Here is what I see on the chart and my views.
Dow bounced around 35813 estimates and made a strong comeback on Friday's session, reclaiming half of the territory lost from the drop from 36240 but still in the bearish channel as indicated on the chart below.

There are two probabilities for next week's session.
Dow could either break at the head and shoulder price pattern at 36050 and head back up or head back down to retest support at 35886

16 Kas 2021

Not

Price reached 36239 estimates and retreats. 36239 is now a critical resistance level; major support is at 36003