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Dow Industrials SPDR Moves into the Red Cloud

With a big surge the last 5-6 days, the Dow Industrials SPDR (DIA) moved into the red cloud. This chart shows DIA breaking below the cloud in early August. This cloud now turns into a resistance zone that holds the key to the current downtrend. You can read more on Ichimoku Clouds in our ChartSchool.

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