Bullish Rise

Key Levels:
Resistance: 35392
Pivot: 33445
Support: 32687

Preferred Case:
On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 33445 where the pullback support is to the 1st resistance at 35392 in line with swing high resistance and 161.8% fibonacci extension .

Alternative Scenario:
Alternatively, price could break pivot structure and drop to 1st support at 32687 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are.

Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.