As seen from the DOW JONES chart over the daily timeframe, it is following the Elliot wave pattern and DOW is currently in the 4th corrective wave. All the signals are pointing towards a lower bottom. The next area of major monthly support is between 13000-15000 level where the market bottom can be seen. Tread carefully in the coming days. The market is only reacting towards induced positive news from the government, whereas the harshest effect of coronavirus is yet to be realized. Historically, previous recessions have found support in 200 or 300 Monthly EMA and currently the 300 Monthly EMA also lies between 13000-15000 support level. Instead of taking a pre entry, I would tread carefully and start accumulating once the DOW reaches near 15000 support level. The best way to accumulate is to wait and let the Elliot wave complete the downturn, then correlating the DOW with the VIX index and waiting for the volatility to reduce. Lower volatility near the support levels is a good sign to start accumulating and saving one self from taking a pre entry.