DOW after Friday close. Month, week, day and 2 hr chart

DOW month
Trend up. Test of Sept and Oct top probable first target, no weakness.

DOW week

Here you see Sept and Oct in weekly bars. Trend is up. Target top formation to the left. Several R points. No weakness.

DOW day Friday close.

Now you see Sept and Oct 2 bars as a three top to left. The main trend is up as well after new high and close in current up trend. Uptrend strong with no weakness.

DOW 2 hr Friday close bar.

A so called cup has been built as a top formation. Could be the end of the uptrend with a double top or be the start of new leg on upside. Trend up but could easily stop. 8 MA does not signal powerful next move.

DOW 2 hr Friday close line.

Easier to see trend  and waves. The balanced uptrend  got no weakness but the 8 MA which does not rise steep enough to declare  that a new high is imminent.