Not long ago, we were looking to short the E-Mini S&Ps at 2138.00. Although there is no precisely equivalent target for this vehicle, the 184.41 Hidden Pivot shown could work. Note that DIA will be a bull trade to at least p2=182.59, and for all we know it could top there. But if it blows past that number, look for a run-up to 184.41 and short it aggressively if you’ve caught a piece of the rally. You can short the ETF itself, but if you prefer to buy options, use puts that are slightly out-of-the-money and that expire within the next 3-4 weeks. This is obviously significantly riskier than the trades I usually recommend, since it will require shorting into a spike and carrying the position over the weekend. Please note as well that this trade ignores a significantly higher target that I’ve projected for the DJIA. ______ UPDATE (June 24, 12:32 a.m.): My outlook is still bullish, but I’m retiring this analysis and strategy because they have grown stale.
