DIA closed below 348.50 yesterday triggering a Sell Signal. It is peeking back into the parallel trend line channel this morning as the other index etf's are bouncing off their morning lows (QQQ, IWM, SPY). Even if the index chooses to meander inside the box for a day or two, ultimately the break looks to be lower. The more time inside, the lower the break. That's why went September on the puts, 46 days has a long way to go.
