As you all know the markets have been on a wild ride the last few weeks, including the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) . This is an ETF that represents the Dow Jones Industrial Average, which is the index the majority of people can identify with. This index has fallen roughly 10% from peak to trough and this number is what the so called "experts" define as correction territory. Finally we got the long overdue correction we have all been waiting for, this means that it's time to jump back in SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) right? Well not so fast. Below I have included a chart and it shows that these markets have a long way to go and tough resistance to get through, including the daily 200ma and my up sloping trendline. So before you dive head first into these markets, look to the charts for the all clear and not only protect your money but make money in these volatile markets.
If you are looking for market guidance and direction, make sure it comes from the Elite Round Table.Our FREE market emails contain information that can actually make you money for both short term trading and long term investing.
Parm Mann Elite Round Table Follow me on twitter: @ParmMannTrader