DJI NDX Market: Momentum Checks & Volume SignalsNASDAQ 100 IndexNASDAQ_DLY:NDXROW_PartnersDow Jones Industrial Average: The Dow continues to look like business as usual on the higher timeframes. Selling Pressure: We are seeing a string of red days off the highs, but the selling volume remains light, key. There is no heavy institutional dumping showing up on the volume bars yet. Support Test: Price has pulled back right to the blue 40 EMA and is currently holding and bouncing off that dynamic support level. Momentum: The recent RSI break lower warrants watching, but without heavy volume behind the drop, there are no immediate warning signs of a major trend breakdown. Nasdaq 100: Tech has looked much less convincing lately, and volume behavior tells an interesting story. Volume Box Patterns: Solid yellow boxes have consistently highlighted heavy volume clusters that marked local market tops. Dashed yellow boxes have marked areas where heavy volume signaled market bottoms, often with responsive buying stepping in right before those high volume red days. Another Yellow Box Forming: We now have a new solid yellow volume cluster appearing at recent highs. This historical pattern suggests upside momentum may be exhausting here. Gaps and Range Play: With this potential top signal in place, the most likely path forward is for price to trade and consolidate within the recent gap levels rather than making an immediate runaway move higher. TLDR DJI remains in a controlled pullback while respecting its 40 EMA. NDX is showing repeated volume exhaustion patterns at resistance. Watch how it handles the current gap zones for clues on broader market direction. TGtg