Tuesday’s progress above the 174.89 midpoint resistance shown was scant, but bulls get the benefit of the doubt nevertheless because the pattern that produced the pivot is so clear. Trade with a bullish bias if DIA is trading 175.40 or higher in the first hour, but I’ll further suggest reversing the position and going short if the 176.64 target is achieved. _______ UPDATE (January 25, 10:52 p.m. EST): Any short position taken would have been short-lived, since DIA turned out to have been on its way to a top 178.14.
