This index is already way off its highs.
But, if it drops it a bit lower and then advances to the 3300 area I would likely short it with the hopes of eventually visiting a level just below 2200.
It sounds aggressive and it is but the first wave down is in the 1000 point area.
In my mind the European Monetary Union is a messy minefield and, to an extent, I would be shorting the EMU financial sector as close to 25% of the index comprises such companies which is fine with me.
20/20 I wish I could have recently shorted Chinese and Italian banks. But pulling the trigger will depend upon the prevailing political circus and ECB policies and prospective policies.
A waiting game.
But, if it drops it a bit lower and then advances to the 3300 area I would likely short it with the hopes of eventually visiting a level just below 2200.
It sounds aggressive and it is but the first wave down is in the 1000 point area.
In my mind the European Monetary Union is a messy minefield and, to an extent, I would be shorting the EMU financial sector as close to 25% of the index comprises such companies which is fine with me.
20/20 I wish I could have recently shorted Chinese and Italian banks. But pulling the trigger will depend upon the prevailing political circus and ECB policies and prospective policies.
A waiting game.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.