DIA seems likely to hit new all-time highs this week, considering the ferocious short-squeeze goosing it received in the final hour on Friday. My minimum upside projection would be 335.04, a Hidden Pivot that could conceivably provide scalpers with an opportunity to get short, however briefly. Once above that Hidden Pivot, however, the 345.36 target of an even larger bullish pattern would be in play. You can use this chart to establish levels for ‘mechanical’ bids on the way higher. _______ UPDATE (Mar 31, 9:16 p.m. EDT): Archegos and the stuck tanker cooled the rally, but the Dow is still up for the week. Bulls probably won’t risk closing stocks significantly higher ahead of the three-day weekend, but if the world survives till Monday, expect them to hit the ground running.
DIA – Dow Industrials ETF (Last:330.13)