Short Dow Futures into this retracement from lows
The dow futures, having been down over 900 points overnight have retraced to the 100 day Moving average and short term trend line.
This is a good opportunity to re-establish shorts with a tight stop. The market, has benefited from typical buying omn the open and should pull back during the course of the session as weakening fundamentals are digested. Viral outbreaks in China (Beijing and Guangzhao have materialised over the last 3-4 days and 23 US states reports rising infection numbers.
Use the relative intra-day strength to initiate a short position, with a view to buying back if the markets retests the overnight lows, circa 500 points below this mark
This is a good opportunity to re-establish shorts with a tight stop. The market, has benefited from typical buying omn the open and should pull back during the course of the session as weakening fundamentals are digested. Viral outbreaks in China (Beijing and Guangzhao have materialised over the last 3-4 days and 23 US states reports rising infection numbers.
Use the relative intra-day strength to initiate a short position, with a view to buying back if the markets retests the overnight lows, circa 500 points below this mark