DOW downtrend strengthens: plunge will be compensated

SPDR Dow Jones Industrial Average ETF (AMEX:DIA)

AMEX:DIA SPDR Dow Jones Industrial Average ETF

Support Line A was breached on 25 May, indicating the beginning of a downtrend. Support Line B of the downtrend is now severely breached. Unless we are to see a market crash (for which there is really no reason), today's plunge should be compensated by a upwards surge. That is in the nature of spikes.

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