DIA (SPDR Dow Jones) - further downside likely
Updated
Price has broken through two wedges to the downside and has also closed below the key 143 level. The momentum indicator is negative. Further downside likely.
Note
Bearish sentiment further confirmed: breakdown and rejection @ 340 support and now resistance line. This week's bar paints red again, same as the bearish bar 3 weeks ago. Next stop @ 325. Not good news for bulls!
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