The candles from the previous two trading sessions gave bears hope.

I took the bait with one short position, and I paid for it today. As always I’m using a stop-loss that has yet to be triggered just yet, but now SPX sits just below all-time highs, in fact, less than 1%, and if recent history holds, this is where price will start to falter some. 

join the swing trading splash zone

So far this has been the case in May, July and September with July actually making a marginal new high before giving way to the August malaise. Here we are in October, which is historically a train wreck for cataclysmic market events and just difficult trading conditions in general. But can it establish new all-time highs, or are we going to see another down draft? So far this has been the case in May, July and September with July actually making a marginal new high before giving way to the August malaise. 

Take a look at the bearish watch-list below: 

bearish swing trading watch list 10 15

 

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