DIA analysis on 5/17/2020

SPDR Dow Jones Industrial Average ETFArca

Description

⋅ May 18, 2020 3:46 AM

For the DIA, it is in a slightly downward trend. Expect it to bounce between the 2 trend lines drawn in the picture until either trend line gets broken.
Please note that, the 50 SMA and 150 SMA are sloping down in the daily chart.

Trend Analysis