BlueHatInvestor

Dow Jones ETF (DIA) ~ December 4H Swing

BATS:DIA   SPDR Dow Jones Industrial Average ETF
DIA chart anaylsis/mapping.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.