DIA Breaks Channel Trendline as Momentum Turns Negative

With a sharp decline the last eight days, the Dow Industrials SPDR (DIA) filled the early November gap and broke the channel trendline. Also notice that the Commodity Channel Index (CCI) moved to its lowest level since September 1st. The combination indicates a corrective period unfolding.

101116dia


Click this image for a live chart

 Previous Article Next Article