Last week’s subdued price action failed to push DIA past the 332.99 midpoint Hidden Pivot of the pattern shown, so the 345.58 [corrected] rally target given here earlier is still not fully in play. It would be, however, following a two-day close above p or a sharp move through it intraday. A theoretical buy signal has nonetheless been in effect for ten days after triggering with a rally to the green line. However, it may be asking too for DIA to revisit the line to give us a second chance to get long ‘mechanically’. _______ UPDATE (Apr 5, 6:36 p.m. EDT): The lunatic leap through p=333.10 on the opening bar implies that more upside to at least D=345.58 over the near term is all but certain. [Note: Both of these Hidden Pivot resistances have been corrected slightly.] You can short 345.58 aggressively with a tight stop if you’ve made money on the way up.
DIA – Dow Industrials ETF (Last:335.15)