climbing_stars
Long

Diamonds Monthly Bearish Bat

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
164 1 0
I continue to stick to that position and believe that we are in a special bullish cycle despite any impending
news headlines or geopolitical concerns. This is one of the most difficult distractions for all traders. It is natural to want to correlate market price action with a news headline. As human beings, we always want to connect a cause to
and affect but as traders this is one of the greatest flaws. I will remain bullish until 1. These targets are met 2. The pattern is destroyed. This doesn't mean we won't see corrections along the way. I still have a buy the dip mentality. Although I could be wrong just as any trader can be. I will stick to "buying dips" until the market proves me wrong, not a news headline. *I just realized this is a Weekly Chart Oops*
Even though it's only a weekly chart - I Agree with your chart. You've used DJ30 but to relate it to the SP I still see 1776 coming up creating the same bearish bat.
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