DIA
chart anaylsis/mapping.
DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation.
Trading scenarios:
DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation.
Trading scenarios:
- Continuation rally #1 = top range of Fib.
- Shallow pullback #1 = ascending trend-line (white) / ascending trend-line (green dashed) / gap fill confluence zone.
- Shallow pullback #2 = gap fills / descending trend-line (light blue) / 78.6% Fib confluence zone.
- Deeper pullback #1 = Golden Pocket Fib / 200MA confluence zone.
- Capitulation #1 = 50% Fib / ascending trend-line (light blue).
- Capitulation #2 = gap fills / 38.2% Fib confluence zone.
- Capitulation #3 = gap fills / 23.6% Fib confluence zone.