Market drops post FOMC as expected

Indices witness drop post FOMC. Our subscribers took a short position in S&P500 (Cash) at 4900 & 4930. Covered it initially at 4876 and again took a short position at 4900. Covered 50% short position at 4855. We clearly mentioned that post FOMC, the stock market would drop. Other trades: Short Russell(Cash) @ 2005 – covered at 1982 & again took a short position at 2004 – covered at 1955; Short Dow (Cash) @ 38550 – covered 50% @ 38224.

Leave a Comment

Your email address will not be published. Required fields are marked *