As the old saying goes" the trend is your friend" is still true to this day and will most likely always be true. The reason behind that is if the market is continuing to make higher highs and higher lows why would you bet against it? There isn't a reason unless you are doing so on a short term basis or specifically a counter trend trader.
At Gorilla Futures every day and every week we go over our top down analysis in either a stream or a video format that is sent to your inbox. There reason behind this is we like to follow the higher time frames due to the fact we are trend traders for the most part.