Dow Jones short idea

On the 4-hour timeframe, the US30 is showing signs of weakness. The stochastic indicator, which measures the momentum of the price, is currently in overbought territory, indicating that the market may be due for a reversal. A reading above 80 on the stochastic indicator is typically seen as a bearish signal.

Furthermore, the price has been trading below the 50-period moving average, which is a bearish signal. Additionally, there has been a series of lower highs and lower lows, which further indicates a potential shift in trend from bullish to bearish.

Based on these technical indicators, I believe that there is a good opportunity for shorting the US30 on the 4-hour timeframe using the stochastic indicator. However, it's essential to manage your risk properly and use appropriate position sizing. Always remember to do your own research and analysis before making any trades.