YM LEVELSE-mini Dow Jones Industrial Average Index FuturesCBOT_MINI:YM1!DrScarves_N_Scalpels_TradesBased on today's overnight price action, the macro backdrop remains cautiously bullish to neutral after yesterday's sharp selloff. YM (Dow futures) is underperforming the Nasdaq but has stabilized as oil prices pulled back from overnight highs. I expect higher volatility around U.S. economic releases and any Middle East headlines, so patience at key levels will be important. Yesterday's decline created fresh supply overhead. Overnight recovery suggests buyers are defending value areas. Dow is likely to lag NQ, but if buyers reclaim yesterday's value area, continuation higher becomes more probable. The highest probability trade is buying a pullback into demand rather than chasing strength, provided buyers continue defending overnight support. Only shift to a bearish bias if demand fails decisively and price begins making lower highs and lower lows on the intraday chart.