DIA Confirms Resistance Breakthrough -- Market BULLISH
As stated in a previous post regarding AMZN's breakthrough, it is necessary for the price to display a confirmation movement in order to be qualified as bullish.
Looking at the circled area, it is very evident that this confirmation was made today as DIA bounced off of the previous resistance directing itself back upwards.
It will take a week or two for a steady support curve to be established, but I would certainly expect bullish activity for quite some time.
(Given that no major political plays come into perspective.
Looking at the circled area, it is very evident that this confirmation was made today as DIA bounced off of the previous resistance directing itself back upwards.
It will take a week or two for a steady support curve to be established, but I would certainly expect bullish activity for quite some time.
(Given that no major political plays come into perspective.