E Bears Getting Active

There is a perfect Short Trade Setup in Dow Jones Index. Price took resistance near the previous high. Negative Diversion between price and RSI (14) is also clearly visible. We have seen good sell off in today’s session. We can go short at 26470 with Stop Loss 27010 or one can make a option strategy by buying 27000 Ce and sell 27100-27200 Ces respectively in a ratio of 1:1:2.

Below is the Chart for your reference.