US30 Analysis 7/31/2022

After a very bullish push during one of the most fundamentally news related market weeks last week... I am expecting a correction bearish movement at our last swing point/key level of 33,280. As far as technical analysis and market structure... as long as we stay below this LH and get a clean rejection, we will indeed still be in a bearish market long term. Compromise of this level to the upside will be a complete change in trend because LH point will be broken. But, as we all know, we are entering a recession and the worst has yet to come. Buckle up for a very big week for indices post GDP announcements last week.