$DJI Check: Support Tested, Relief Building, Awaiting VolumeDow Jones Industrial AverageDJ_DLY:DJIROW_PartnersWeekly Overview Support Defended: Price tapped the major blue EMA baseline and reacted with responsive buying, leaving a defined lower wick. Volume Caveat: Accumulation volume has not yet confirmed the bounce. This move risks behaving as a corrective retest of the descending channel rather than an impulsive bottom. Downside Risk: A structural failure below the weekly blue EMA leaves the unfilled gap zone vulnerable to retest. Daily Momentum & Levels RSI Recapture: RSI printed back above 50, shifting daily momentum out of the bear zone. TTM Squeeze: Momentum histogram continues rounding up from extreme low prints, reflecting seller exhaustion. EMA Squeeze (Red vs. Green): Fast red EMA has been reclaimed as short-term support. Intermediate green EMA serves as primary overhead resistance. Price remains compressed between these two dynamic bands. Trade Triggers Bulls: Look for a decisive daily close above the green EMA backed by above-average volume to target descending channel resistance. Bears / Risk Management: Rejection at the green EMA followed by a roll back under red EMA invalidates the relief setup. Opinion Bias: Mild bullish tilt but waiting for volume confirmation through overhead EMA resistance. TGtg!