Although I am currently tracking a winning short position in the E-Mini S&Ps initiated a single tick off the recent high, the corresponding trade I’d wanted to attempt in this vehicle was not to be. It would have worked if we had simply shorted DIA at the time the E-Mini trade went off. But there was no Hidden Pivot reason, at least none that I can discern, to have shorted DIA itself at the recent top. Moreover, even though we’ve determined to swing for the fences with the short position in the E-Mini S&P, DIA would actually become a moderately enticing ‘mechanical’ buy if it pulls back to the red line (i.e., p=173.27). Regardless, because I am trying to come up with ‘market’ shorts for those of you who don’t trade futures, I’ll continue to look for opportune spots to attempt it in vehicles such as this one. Stay tuned!
