24000 for the Dow looks like it is becoming a strong level of support. It closed right around here on Feb 8th and February 5th.
Now what do with that information?
A) You could argue that we are now in a sideways range (bottom of range Being 24000 and top of range being roughly 26000ish). The Dow could very well just futz around this range for a long while (several months, possibly years). If in a sideways range, you want to Buy low (ie buy tomorrow morning) and sell some at 25500 or so). Rinse and repeat.
B) you could also argue we are still in a bull trend, in which you just buy every dip you come across.
C). You could argue the market is now (finally) becoming bearish and the credit cycle is starting to turn. The evidence for this is overwhelming in my opinion. Powell seems to be a bit of a hawk. Markets don’t by like that. Particularly markets that are propped up on cheap debt.
In this case, you want to wait. Wait till the Dow breaks below 24000 support (once it does, it will likely go back up to it. If that occurs and then the price