The iShares Dividend ETF (DVY) confirmed a short signal last week and rallied to some resistance along with a wave count that shows a terminal ending diagonal for Minor wave 5. Although I'm reluctant to trade this types of ETFs regularly and aggressively, the setup is quite appealing right now. So I'm going into half a position to play it safe:
Bought DVY put vertical June 17th 79/83 for $1.15
Please support the blog and like this post :-)
PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.
No comments:
Post a Comment