We short the Dow Jones

The Dow Jones has risen by more than 40% over the past 17 months. Now the signs are growing that the momentum is weakening. At the same time the Dow could not overcome the mark of 21500 in the last 19 trading days and there is a small triple top. In addition, the volume increases with falling prices and rarely with rising prices. For this reason, we went speculatively short yesterday and our stop is at 21550 and our take profit at 21285.

We took a small position in YM (Mini-sized Dow Jones) and will see how it develops. We have more ideas in our weekly Newsletter for Premium subscribers.

Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. The educational content on Tradimo is presented for educational purposes only and does not constitute financial advice.

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