We are in a middle ground right now for DIA. Given the stimulus plan in place (very sure that is passes as of 3/10) expect an extension to 326 for the short term.
We don't see the 1.618 extension hitting anytime soon so 326 is the extension we look for a conclusion in the current market cycle.
Anything over this is a very overbought market and needs to be corrected. We will wait for confirmation of anything else until this point.
We don't see the 1.618 extension hitting anytime soon so 326 is the extension we look for a conclusion in the current market cycle.
Anything over this is a very overbought market and needs to be corrected. We will wait for confirmation of anything else until this point.
Trade closed: target reached
Target of 326 is already here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.