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DIA Fails in Gap Zone as Long Black Candlestick Forms

The Dow Industrials SPDR (DIA) formed a harami last week and then gapped down on Friday. This gap below 128 held as the ETF opened near 128 and then closed below 127 on Tuesday. Short-term, the bulls need to fill this gap. A break below the rising wedge trendline would further the bearish case.

120710dia

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