Looks like DOW may have formed a secondary interim top around 25400 (truncated C wave of wave 2 or B).
Short from January. Considering adding to short here at 25300 with a stop at 25500 with initial target circa 23300.
Return/Risk ratio circa 10:1
Short from January. Considering adding to short here at 25300 with a stop at 25500 with initial target circa 23300.
Return/Risk ratio circa 10:1
Trade active:
Simply stay short the DOW. Originally went short in late January (missed the TOP by a couple of percent) Added to shorts 12th June at 25300. All stop losses are in the money. Looking lower still (minimum 5%) could be a LOT LOWER in coming weeks/months (-10% -20%).