Oh my Mr. Market – can you please make up your mind? Up, Down, I don’t care, but try finding your inner-direction and go with it. 

That’s the frustration the traders are all feeling these days. The bulls can string together a few good consecutive days of trading but its grand total doesn’t add up to much progress for the market and the bears can put together really good day of trading that flushes the bulls out of their long positions but the next day, the market overflows the next day with bullish euphoria. 

Nonetheless, I am one long and one short in this market and waiting for some direction from the market as to where it wants to go to next.

Best case scenario for me as a trader would be if the market would break down some – perhaps 5-10% as it would create some fantastic short trading opportunities that could be profitable in a very short time period.

For now, we are left waiting to see who decides to show up tomorrow and then to respond accordingly.

Here’s the bearish trade setups I am watching:

bearish-trade-setups-5-5-15

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