Dow Jones (U30) dips to find buyers; trend line support at 48,73US Wall St 30OANDA:US30USDIanColemanThe rally was sold, and the dip was brought, resulting in little net change by the close. We have seen a ‘gap open’ overnight (49,397). The 4-hour chart shows a large Ending Wedge pattern. This formation has an eventual bias to break to the downside. Trend line support is located at 48,734. The trendline resistance is currently located at 50,058. This is next to the psychological 50K Big Figure. We are currently holding within a Wyckoff distribution zone. This has a bias to break to the upside, grab liquidity, then turn negative. Conclusion. Gaps tend to be closed. I would look for trend line support to attract buyers