IvanLabrie

DIA: Aiming higher it would appear

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
The chart shows a time at mode trend signal that aims considerably higher, but there are hurdles along the way.
It might be interesting to short once the resistances labeled on chart are reached, but only under the highest low.
We can also attempt to capture shorter timeframe legs, up and down, using the 65 minute chart for example.

It's clear that the broad risk on rally theme is back on track, question is for how long will it last?
The uptrend signal expires by November 9.
Let's see how it goes.

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Cheers,

Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Comment:
snapshot


At resistance, hanging man candle...Might turn down from here.
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