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mukhriz.mangsor

Divergence Confirm Dow Jones ETF Move

Short
SPDR Dow Jones Industrial Average ETF (AMEX:DIA)  
mukhriz.mangsor  
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
Trend Analysis Technical Indicators
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trendanalysis indicator
The negative divergence depicted by the MACD on the chart has given us an early warning of the impending downward move. Prices keep moving up but MACD shows declining move. Yesterday, Dow Jones ETF (DIA) confirmed the signal with the gap down move. Likely downward target would be around the 270 support area and the 250 area. A break below the latter support level, might give way towards 200 level
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