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mickeymfa

DOW JONES Head and Shoulder formation

Short
SPDR Dow Jones Industrial Average ETF (AMEX:DIA)  
mickeymfa Updated   
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
Trend Analysis Harmonic Patterns Chart Patterns DIA dowjones head_and_shoulder
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trendanalysis harmonicpatterns chartpattern dia dowjones head_and_shoulder
DIA

The Dow jones DIA is at a critical point right now. We are at the 50d Avg and the support of a head and shoulder breakline. Both SPY and QQQ are going to end the week triggering a weekly MACD sell signal. And cyclicals are not on our side (mid of septamber till mid of october been the wors months)

snapshot
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Trade closed manually
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Dow is in a WEDGE UP pattern right now
snapshot
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looks like we have a Wedge Breaout to the downside
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