Short
Shorting The US100
It’s been a whipsaw day on the markets, with US stocks trading mixed. At the midpoint of the session, the DJIA, S&P 500, and NASDAQ are all hovering near flat.
For the US100, prices are trading near one key levels:
Weekly 62% Retracement, 14,375
A late-day sell from current levels may be a good way to play the action. Here's the trade:
1) Short at market from the 14,325 to 14,375 zone
2) Stop loss above today's high at 14,475
3) A minimum of 1:1 risk vs reward
For the US100, prices are trading near one key levels:
Weekly 62% Retracement, 14,375
A late-day sell from current levels may be a good way to play the action. Here's the trade:
1) Short at market from the 14,325 to 14,375 zone
2) Stop loss above today's high at 14,475
3) A minimum of 1:1 risk vs reward
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.
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.