Screenshot taken on December 9th, days before the drop we seen last friday the 12th.
Our SELL-STOP order has been triggered as we expected at 17433 points mark to close the week at 17267 mark. This is a great profit made until today, position is still open and profit is locked with our SL to breakeven.
Is the Dow going to continue going down?
The possibilities are high and we are already planning to enter new positions on the SELL side. For these new entries we will use tight SL's in case of reversal to the upside.
The following was our original idea on the 9th:
"We suggest a Stop-loss @ 17858 with a Target @ 16483
Trailing stop with 5000 points."
We post that idea for you to have a better idea of the setup (you can also use it)
Below you have our daily chart without zoom and the reflection of our idea. (click the chart to zoom)