DIA pushed to fresh highs with a strong bullish candle, continuing the steady recovery trend that began off the late-March lows. Price is holding above both the 8-day and 20-day EMAs, keeping short-term momentum firmly in the bulls’ favor. However, the ADX remains relatively low, suggesting this is more of a controlled grind higher rather than a powerful breakout trend.

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The +DI line has regained leadership over the -DI line, showing buyers are back in control short term, but traders will want to see follow-through volume and continued separation between those lines to confirm stronger momentum. As long as DIA can hold above the rising moving averages, the path of least resistance remains higher.
Wishing you the best,
Wendy
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