Divergence Confirm Dow Jones ETF Move
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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