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FluxCharts

DIA (SPDR Dow Jones) - further downside likely

Short
SPDR Dow Jones Industrial Average ETF (BATS:DIA)  
FluxCharts Updated   
BATS:DIA   SPDR Dow Jones Industrial Average ETF
Trend Analysis Technical Indicators
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trendanalysis indicator
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.
Comment:
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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