Indexes Need a Dow Follow Through (DIA, SPY, QQQQ Weekly Charts)

The SPY (S&P 500) broke though a minor trend however the DIA (Dow) needs to follow through. The Dow must be able to break these levels to confirm a SERIOUS move for the whole market. There also needs to be a spike in volume. I wouldn't step in front of this train, but it wouldn't hurt to insure some long positions or put stops in. The SPY could be forming a bearish wedge but it could turn bullish. It all depends how the economy reacts to these Gov injections and how the market digests earnings. Roubini still thinks we're in a bear market rally (Keynote speech video April 8, 2009 via Globeandmail). I provided a CNN Money Roubini interview below. Plus I didn't know Roubini and Jim Cramer had beef. Very interesting times..., up or down from here get ready.


SPY WEEKLY (Stockcharts.com)


DIA WEEKLY (Stockcharts.com)


QQQQ WEEKLY (Stockcharts.com)