The DIA, more commonly referred to as the “Diamonds” is the tracking ETF for the Dow Jones Industrial Average, seems to be the only diversified US index that has not traded in red for most of the day. However, the DIA is likely to join the other key US indices and their respective tracking ETF’s; SPY, QQQ, MDY, IWM, etc.. in a trip back in time… in fact my first target on the DIA would be right about where prices peaked back on May 2nd, the 148 area, as indicated by that dotted line on this daily chart.
