So far the markets are giving back just a smidgen today.
But that definitely isn’t enough to justify getting short on this market. In fact, I see very little reason to even trim long exposure until, at the very least, the 5-day moving average is breached on SPX.
With that said below is the weekly list of bearish trade setups that I am tracking. Like last week, I don’t have any plans at the moment to take a short trade of any kind, and will choose to instead, just ride this market higher as it allows me to.
Here’s this week’s bearish trade setups:
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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