The bears are back in the driver’s seat after last week’s dead cat bounce. This is none surprising as I have mentioned numerous times in my recent trading plans to not trust the strength of the bounce. I also noted that at the 50% Fibonacci retracement level, we could end up seeing some real trouble start appearing again…and wouldn’t you know, the S&P is now down 50+ points today.
Below is my short list of setups that I am currently following and looking to make plays on as the week progresses.
Here’s the bearish watch-list:
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