Short the DJIA / US30 / DIA ETF
- Short on further bearish confirmation or short at 18050.
- RSI is below 50 with a bearish divergence.
- Price has reached channel resistance.
- Price is below the 50 MA and the 200 MA.
- Hedge fund Window dressing positions are expected to unwind next week because it's the start of a new month.
- Hedge funds are net short as shown in the CME commitment of traders report. snalaska.com/cot/current/charts/ES.png
- USDOLLAR, TLT, Tbonds & GBPUSD are at elevated levels, suggesting that risk aversion is kicking in.
- RSI is below 50 with a bearish divergence.
- Price has reached channel resistance.
- Price is below the 50 MA and the 200 MA.
- Hedge fund Window dressing positions are expected to unwind next week because it's the start of a new month.
- Hedge funds are net short as shown in the CME commitment of traders report. snalaska.com/cot/current/charts/ES.png
- USDOLLAR, TLT, Tbonds & GBPUSD are at elevated levels, suggesting that risk aversion is kicking in.
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