Market Overview

Market Hell Not Over Yet, SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)


As you all know the markets have been on a wild ride the last few weeks, including the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) . This is an ETF that represents the Dow Jones Industrial Average, which is the index the majority of people can identify with. This index has fallen roughly 10% from peak to trough and this number is what the so called "experts" define as correction territory. Finally we got the long overdue correction we have all been waiting for, this means that it's time to jump back in SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) right? Well not so fast. Below I have included a chart and it shows that these markets have a long way to go and tough resistance to get through, including the daily 200ma and my up sloping trendline. So before you dive head first into these markets, look to the charts for the all clear and not only protect your money but make money in these volatile markets. 


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Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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