DIA Forms Inverse Head-and-Shoulders Pattern

The Dow Industrials SPDR (DIA) is challenging resistance from an inverse Head-and-Shoulders pattern. After surging in October, the ETF consolidated for two months to set up the pattern. The late November low formed the head and neckline resistance is set just above 122. Before getting too bullish, note that low volume during this week's advance detracts from the pattern.

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