1) On the long distance this can be an accumulation.
2) But I think in trading range could be a nice little short.
3) If I am wrong about the 1st point, then it can be also a longer term short trade.
White is the DOW30 index. You can see strongest and weakest. So if markets go down, you short the weakest. If markets go up, you long strongest. On pullbacks of course.