- Five months head-and-shoulder pattern is near completion for DIA - Head was located at 370. Two shoulders were defined with its neckline at 340 - This is a very important moment to watch how Dow Jones behaves on its key level 34000 (DIA 340) - Falling below 340 will conclude the 12 years-old bull cycle. In addition, the neckline 340 will form a resistance level or the beginning of the bear market.