Return to Normal Rally for DJIA

SPDR Dow Jones Industrial Average ETF (AMEX:DIA)

AMEX:DIA SPDR Dow Jones Industrial Average ETF

trendanalysis djia dia

$DIA is showing a negative Monthly RSI divergence and this type of price action is emblematic of a 'return to normal' rally after a bubble pops. Chart points to further losses into 2023. I would personally heed the warning coming from Jeff Bezos and others. I am still bearish on equity markets given rates, geopolitics, and the FTX fallout.

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