$DIA Make or Break
Major test pending for 
DIA of upper downward channel.
Each leg down was followed by a .786 FIB retracement- the latest leg being no different.
.50 Channel FIB acted as prior support and is a good first target for shorts.
Just how much we overshot to the downside in DEC, we've likely now overshot to the upside.
Stochastics started to diverge a week ago.
Sitting at BRN (Big Round Number) / Psych Resistance of 25K.
SPX & 
QQQ both hovering at D1 200EMA.
XLF & XRT failed to breakout of range.
XLY & XLY brokeout with very weak strength.
Have to imagine we see profit-taking either into the weekend or next week.
Feeling like this week is going to end with a sideways-drift, possible lower and folks are going to re-balance beginning in FEB.
DIA of upper downward channel.Each leg down was followed by a .786 FIB retracement- the latest leg being no different.
.50 Channel FIB acted as prior support and is a good first target for shorts.
Just how much we overshot to the downside in DEC, we've likely now overshot to the upside.
Stochastics started to diverge a week ago.
Sitting at BRN (Big Round Number) / Psych Resistance of 25K.
SPX & QQQ both hovering at D1 200EMA.XLF & XRT failed to breakout of range.XLY & XLY brokeout with very weak strength.Have to imagine we see profit-taking either into the weekend or next week.
Feeling like this week is going to end with a sideways-drift, possible lower and folks are going to re-balance beginning in FEB.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.