Factors confluence on $DIA - #stocks #index
Confluence of factors bringing indecision in the market; what's the next step?
Looks like everything is consolidating and compressing, taking a pause from the long term bullish trend; in particular, $DIA is sitting on a strong support from which it bounced off on the most recent flash crash of early February and another confluence is given by the approaching 200 days moving average. Lastly, a triangle is taking shape just to remark the consolidation phase the market is in.
What do you think is going to happen next?
Looks like everything is consolidating and compressing, taking a pause from the long term bullish trend; in particular, $DIA is sitting on a strong support from which it bounced off on the most recent flash crash of early February and another confluence is given by the approaching 200 days moving average. Lastly, a triangle is taking shape just to remark the consolidation phase the market is in.
What do you think is going to happen next?