The market is bending but it hasn’t yet broken
And that’s the reason why I am so reluctant to get short until we violate some key support levels.
Right now I consider 1990 to be the closest support level to be watching here. If that is broken and we close below that level, I’ll be hard pressed not to at least put a short starter position out there as a hedge.
But for now, let the market action come to you, don’t force your will upon the market, and you’ll be just fine.
Here’s the bearish list of trade setups:
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