From my price reviewing US30 has gone down 8/12 times in past January Period before continuing to rally for the remainder of the year.
technically price is making higher lows on the weekly timeframe. currently the daily is held within a price range were if we get a bearish close outside the box Im expecting the price to drop as shown in the chart , into the long setup which confluences as a higher low and also D1 aligns with a key level at 20,700.
just a theory will be interesting to see how it plays out during the course of the year