Short
Short indices
I think the worst has yet to come to the markets, as we are discovering the real impact COVID-19 has on the economy. Right now US30 and other indices appear very inflated.
After testing some highs, I am looking to short US30 trailing stopping it to previous March lows.
• US-China trade war tensions still lingering
• Lower daily highs
• Sluggish easing of COVID-19 regulations
• Rising gold prices
• Dismal US economic data released this past week
• Huge losses in earnings of major companies
• Less consumer spending
• More money printing
• Possible second wave of COVID-19
• RSI divergence on the daily chart
• Possible W pattern formation
What are your thoughts and comments?
Happy trading!
After testing some highs, I am looking to short US30 trailing stopping it to previous March lows.
• US-China trade war tensions still lingering
• Lower daily highs
• Sluggish easing of COVID-19 regulations
• Rising gold prices
• Dismal US economic data released this past week
• Huge losses in earnings of major companies
• Less consumer spending
• More money printing
• Possible second wave of COVID-19
• RSI divergence on the daily chart
• Possible W pattern formation
What are your thoughts and comments?
Happy trading!
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.