Combining fundamental analysis with chart pattern recognition provides traders with essential information for identifying a market top.
A short-term market top has become increasingly likely as a confluence of factors indicates for this event. This presents a trading opportunity.
Selling and shorting market tops can be profitable. In addition, this action enables a trader to return to the long side of the market when the correction has bottomed.
Military tensions with Iran can be added to a list of other factors that may serve as catalysts to trigger a short-term market correction.
Selecting a vehicle to implement this short-selling strategy is key. The IBB biotech index ETF provides excellent volatility and is likely to trade with the overall markets.