DIA closed last Friday just above the Fast MA line that remained support. The market will react to Friday's Stress Tests on Monday open and this line (the MA line) will be tested as support again.
A close below the MA line can send
DIA back towards the top of the Bull Flag near 180$If the price will stay above the MA line it can continue north towards the completion of the bearish Butterfly pattern and the trend lines resistance zone near 190$.
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Tomer, The MarketZone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.