A multi time frame analysis

Daily: at the bottom of a bearish channel
Weekly breaking below the support line strongly
Monthly: lower highs and lower lows for 3 months in a row! this pattern was only seen during the 2022 bearish market in the post-pandemic era!
Conclusion:
It is highly likely that we are moving toward a bearish market and any upward move should be considered temporary

The same story is true for SPX:
https://www.tradingview.com/x/oakLsB7l/

DJI:
https://www.tradingview.com/x/jjqU4bDn/