Shall we hammer another stock index?
Those who judge that the current bear market has further to go may wish to back that judgment by shorting the Dow Jones Industrial Average. Like the Russell 2000 on Tuesday and the S&P 500 on Wednesday, the Dow has just made a bear DMI cross on the daily chart.
Remember that as for any short position, the ride down is bumpier than is the ride up for a long position.
Remember that as for any short position, the ride down is bumpier than is the ride up for a long position.
Trade closed manually
We opened a short June mini contract on Thursday evening for 34399 and closed it at the end of the day Friday for 34637, a 7.5% loss on initial margin.
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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.