On its own, the chart suggests DIA is still a good bet to reach a 250.43 rally target that has kept us confidently on the right side of an otherwise unbelievable uptrend for more than three weeks. Short there as instructed earlier if DIA gets within 0.07 of the target, using puts priced under $1 with just a week left on them. Note, however, that because AAPL and the E-Mini S&Ps failed on Thursday to reach their respective Hidden Pivot rally targets, there’s a chance DIA will not reach its projected top at 250.43. Put options will be a riskier buy if DIA spends the day meandering without achieving the target, but if it closes up on the day without having surpassed this week’s 247.67 high, don’t hesitate to take a few puts home over the weekend.
DIA – Dow Industrials ETF (Last:241.77)