themarketzone
Short

192-200$ the next weekly resistance zone for the Dow

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
113 0 3
The elections result sent DIA             back above 182$ and triggered a false break scenario that eventually drove DIA             to new record high.

DIA             is approaching a weekly resistance zone that starts with the completion zone of a bearish Butterfly pattern.
The other resisting elements are the two trend lines shown at the chart.

192-200 is a weekly resistance zone and with a stop loss above 200$ you can still get about 1:1 R/R as you can see.

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Comment: Approaching the PRZ
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