Is a 10% Correction in the Market Coming Soon? - DIA | DJI
With all the fear mongering/hype regarding the Delta variant, along with newly implemented mask and vaccine mandates, the idea of more lockdowns is just around the corner. Because of this, I plan on playing this low risk / high reward short setup in the Dow Jones Industrial Average
DJI
or
DIA
). This play is being used slightly as a hedge against any temporary market overreaction/correction. My stop loss is set approximately 1% above my entry point (slightly above ATHs) and the expected target will be towards the 200-day MA. Put options on DIA will be my method as well.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
DJI
or
DIA
). This play is being used slightly as a hedge against any temporary market overreaction/correction. My stop loss is set approximately 1% above my entry point (slightly above ATHs) and the expected target will be towards the 200-day MA. Put options on DIA will be my method as well. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Trade closed: stop reached:
Stopped out for a 15% loss.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!