DXD Ultra Short Dow 30 Daily Chart Oversold Falling Wedge Positive Divergence Gap Fills

DXD ultra short Dow 30 daily chart showing powerful positive divergence across the board, as well as overbot conditions and the falling wedge, bouncing DXD in late February. The DXD weekly chart, however, is not cooperating since it needs to set up properly to make sure DXD trends up, up and away from here. The weekly chart wants price to come back down, and considering the strong bullish daily chart here, and noting the gap left behind at 18.5, a pull back should strive to fill that gap and at the same time this would satisfy the set up on the weekly chart. This adjustment will open the door for continued upside trending for DXD in the weeks ahead.

Thus, for DXD to come down to fill gaps at 19.1 and 18.5, the Dow Industrials will want to run back up towards 12K. Perhaps happier news from Japan will catapult the indexes higher providing a nice short entry via DXD. This DXD daily chart is long and strong with higher moves in price now met with higher moves in indicators. A nimble hand may be required to catch this on the pull back, but once DXD comes back towards 18.5, that should provide a nice set up and entry for DXD to rock higher, and, correspondingly the broad markets will continue to sell off moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.