DIA – Dow Industrials ETF (Last:171.40)

Pullback was preciseThe impulse leg here is not of the highest quality, but the precise pullback from p2=171.69 suggests the pattern could still be useful for trading purposes. Specifically, I’ll recommend shorting at D=172.20 with a stop-loss as tight as  7 cents.  This countertrend play is what I would describe as low-hanging fruit, but if you’re feeling up to it, you could also attempt ‘mechanical’ bids from x, p or p2 to make a fewe bucks on the way up.