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MichaelEugen1
Jun 26, 2022 7:04 AM

Possible Short Setup Short

iShares Global Timber & Forestry ETFNASDAQ

Description

Hey guys,

I've been following this ETF since lumber prices have been falling from their sky-high prices. Just now, it looks ready for a markdown phase that could get pretty ugly. Though it is currently well below, if it manages to get to around $83-84 dollars, I think that shorting it there would be an incredible opportunity with minimal risk and solid reward potential.

Disclaimer: I think we're at the end of a market cycle and are currently in the process of redistributing before another leg down in what I believe will be called a crash when it is all said and done.
Comments
MichaelEugen1
It is finally rallying, but I'm not at the point where I am shorting it just yet. Waiting to see how high it gets next week. As I said before, a short at 84/share should work like a charm
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