AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVG ETF T SER'1' UNITS OF BEN INT NPV
Major test pending for $DIA of upper downward channel .
Each leg down was followed by a .786 FIB retracement- the latest leg being no different.
.50 Channel FIB acted as prior support and is a good first target for shorts.
Just how much we overshot to the downside in DEC, we've likely now overshot to the upside.
Stochastics started to diverge a week ago.
Sitting at BRN (Big Round Number) / Psych Resistance of 25K .

$SPX & $QQQ both hovering at D1 200EMA.
$XLF & $XRT failed to breakout of range.
$XLY & $XLY brokeout with very weak strength.

Have to imagine we see profit-taking either into the weekend or next week.
Feeling like this week is going to end with a sideways-drift, possible lower and folks are going to re-balance beginning in FEB.
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