Quantum_Maryland_Capital

Euro Stoxx 50: Conditional Short

Short
INDEX:SX5E   ESTX 50 PR.EUR
3
This index is already way off its highs.

But, if it drops it a bit lower and then advances to the 3300 area I would likely short it with the hopes of eventually visiting a level just below 2200.

It sounds aggressive and it is but the first wave down is in the 1000 point area.

In my mind the European Monetary Union is a messy minefield and, to an extent, I would be shorting the EMU financial sector as close to 25% of the index comprises such companies which is fine with me.

20/20 I wish I could have recently shorted Chinese and Italian banks. But pulling the trigger will depend upon the prevailing political circus and ECB policies and prospective policies.

A waiting game.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.