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marketfellow

DIA, SPY, QQQ Performance and Direction

SPDR Dow Jones Industrial Average ETF (AMEX:DIA)  
marketfellow  
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
Trend Analysis Chart Patterns DIA SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern dia spy
- Leadership rotation began on 02/16 where Nasdaq-100 (QQQ) gave up its upside leadership role
- Dow (DIA) is getting strong every day with a new high today
- S&P stays in the middle
- Market direction can be determined by looking at SPY to see if being dragged up or down
- Downside power seems to be stronger with QQQ so be prepared for full-scale downtrend or sell-off
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