Yogigolf

DOW setting up for long entry

Long
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
Looks like the DOW is setting up for a long entry, there is strong support at 245 where is there a significant gap from a breakout from previous consolidation and the 50dma. Potential inter-day action as low as 237 but expecting daily closes above 50dma. Would be expecting a few tests of this area before reversing, no rush to enter see how it pans out next week.
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