May 8 2019 - Dow Breaks Support

The Dow Jones ETF (DIA) broke below the key 50-day SMA (institutional moving average) on Tuesday and it was rejected at that same moving average today. Technically, the bears have the upper hand now on the DIA. The downside technical target is the 200-day SMA near $245 for now (about 500 Dow points lower).

We also discuss key points to watch on SPY, QQQ, IWM, MDY & VIX.

Have a great day!

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