SPDR Dow Jones Industrial Average ETF
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Is a 10% Correction in the Market Coming Soon? - DIA | DJI

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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.

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Dagangan ditutup: hentian tercapai
Stopped out for a 15% loss.

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