August 20, 2012

DIA - SPDR Dow Jones Industrial Average Analysis


  • DIA Daily line chart shows price hitting the resistance line a pullback from here could keep DIA inside price contraction.
  • Daily chart shows negative divergence But without price weakness negative divergence is not going to give bigger falls.
  • Last chart shows weekly candles nearing upper bollinger band. If the recent high's are exceeded then price may find resistance at upper bollinger band.

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