DJIA – Dow Industrial Average (Last:22830)

The Indoos are closing fast on a 22907 target (see inset) we’ve been using for the last couple of weeks to stay comfortably on the right side of a very steep uptrend. Some subscribers already hold a small short position in DIA that enjoyed a felicitous pullback this morning from within a penny of a 248.44 Hidden Pivot resistance. It is the same pattern that produced the 22907 target for this vehicle, and that’s why I’ll suggest using the target to re-short DIA (by buying puts), or to take a fresh short position in it, if the opportunity should present itself.