This is our follow-up article after April's notes on breaking-down, breaking apart on DIA
1. The bear market started as early as breaking down on the key neckline
2. It is still at an early stage of the bear cycle.
3. The following support levels will be 262 and 183.
4. Please note that when DIA drops from 360 to 180 it means -50% down. There could be more spaces to go down below 180 level to unwind the 13 years bull cycle. But, 262 and 183 should offer entry points for a short-term rebound.
1. The bear market started as early as breaking down on the key neckline
2. It is still at an early stage of the bear cycle.
3. The following support levels will be 262 and 183.
4. Please note that when DIA drops from 360 to 180 it means -50% down. There could be more spaces to go down below 180 level to unwind the 13 years bull cycle. But, 262 and 183 should offer entry points for a short-term rebound.