In short, DIA looks to be in a ascending triangle bullish pattern. Resistance at 182.68 is a real possibility, testing all of the long positions commitment. DIA over 183 will force a lot of shorts to capitulate and all price to move higher. I don't think next week we will see DIA over 183, for my accounts sake, April we will have the breakout.
The bulls have pushed the market higher for 9 consecutive days, I'm looking for some profit taking before the end of the week. I keep the charts simple, areas of support and resistance, a good day trading opportunity may present its self this week in the area of 17k. I am "SHORT" biased, but I will get long quickly if price action trends upwards.
This week, the bulls and bears are going to fight for control of the direction of the market. Bulls will be wanting to take the YM higher in hopes of reaching 17k. Durable goods, FOMC, GDP and Jobless claims all this week will give both bulls and bears a lot to digest. I am neutral... AKA, prepared to go either way.