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SPDR Dow Jones Industrial Average ETF Message Board

  • tony.paganini tony.paganini Jul 25, 2014 10:14 AM Flag

    DOW ON THE PRECIPICE

    Once again the markets are on the precipice of a rising wedge formation which began in February 2014. If you draw a trend line using the following session lows: DIA - 2/4/14, 4/11/14, 5/20/14, 7/10/14 you will clearly see the lower line. A 'break' with a confirmation close below this line could indicate the beginning of the next correction while a bounce off the line will likely raise the DOW to new highs.

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