$DIA - Recap of Last Week April 14-17

Last week we had a shortened Trading week because of Good Friday.

We opened DIA with a gap up and over the trump tweet gap and we were met with resistance right at the downward facing 30min 200MA
You can see the three arrows all week — you don’t want to go long at a downward facing moving average.
Wednesday UHC and Jerome powell both took a toll on the Dow, and Friday we gapped down and traded near the bottom of the implied move.

I look to the Dow as a leading indicator of market health. When we started in slide down off of ATH’s we saw it in the DOW first. Dow had a rough week here last week. Red 35EMA rejected at the 30min 200MA

Technically a beautiful week. All while closing within the implied move.

ALSO - take a look at where we saw the signal line turn red.