MA line will be tested on Monday open
$DIA closed last Friday just above the Fast MA line that remained support.
The market will react to Friday's Stress Tests on Monday open and this line (the MA line) will be tested as support again.
A close below the MA line can send $DIA back towards the top of the Bull Flag near 180$
If the price will stay above the MA line it can continue north towards the completion of the bearish Butterfly pattern and the trend lines resistance zone near 190$.
This trading scenario is part of this week's FREE newsletters - The Weekly Markets Analysis - goo.gl/NOAw5M
Read more and see what other trading scenarios I'm watching towards the coming trading week
Tomer, The MarketZone
www.themarketzone.net/
Follow my blog - marketzone.tumblr.com/
Subscribe to my Youtube channel - www.youtube.com/c/TheMarketZoneNet
The market will react to Friday's Stress Tests on Monday open and this line (the MA line) will be tested as support again.
A close below the MA line can send $DIA back towards the top of the Bull Flag near 180$
If the price will stay above the MA line it can continue north towards the completion of the bearish Butterfly pattern and the trend lines resistance zone near 190$.
This trading scenario is part of this week's FREE newsletters - The Weekly Markets Analysis - goo.gl/NOAw5M
Read more and see what other trading scenarios I'm watching towards the coming trading week
Tomer, The MarketZone
www.themarketzone.net/
Follow my blog - marketzone.tumblr.com/
Subscribe to my Youtube channel - www.youtube.com/c/TheMarketZoneNet