The Situation

Since the peak made on May 20 2015 at 183.35 on the Dow Jones Industrial
​Average ETF DIA, we are into a lower highs and lower ​lows technical pattern
​in a multiple down steps... Until April 13 2016.

​​But we made almost a double bottom technical pattern (January 20 2016
and February 11 2016 to painfully climb into a steep rising wedge.
​​(See 1rst Chart Below - Grey Trendlines)

Since then, the market have been on a strong rebound. We are above now
above the 20 DMA (Day Moving Average) since February 16, the 50 DMA since
February 25 and most importantly, above the 200 DMA since March 11 2016.​​

The DIA ETF broke finally on April 13 2016 a Major Resistance Trendline that
​started back since the ultimate peak in price reached​ on May 20 2015. It was D-Day for the DIA ETF.
​ ​​(See 1rst Chart Below - Red Trendline - Ellipse)

But what puzzle me the most is that, the break out on that DJ Industrials ETF was done on a low Trading Volume; the new reality within that most hated bull market ever... ​​​​(See Chart Below - Bottom Right -  Blue Area)

As we broke that Major Resistance Trendline, Bulls need also to protect at all costs the Support Line from that steep rising wedge. Welcome to the Break Out Battle zone.
​​​(See 1rst Chart Below - Grey Trendlines - Ellipse)

And on a relative basis (ratio of DIA ETF over SPY ETF), we are far from a break out as shown by the second chart below.​​ ​​​(See 2nd Chart Below - Ellipse)
​​

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