Dropping the large-cap shoe
Yesterday we suggested that it could be timely to open a short position in the Russell 2000 based on the appearance of a bear cross on the daily DMI chart.
A similar bear cross appeared today on the daily DMI chart for the S&P 500. A short SPX position could be timely here as well.
A similar bear cross appeared today on the daily DMI chart for the S&P 500. A short SPX position could be timely here as well.
Trade active
We are short from 4477 on the June contract, with profit target of 3685 and stop-loss of 4741.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.