After completing the five day sell-off, traders are wanting to know when to get short again.
My advice: Don’t get ahead of the market – don’t try and predict when it will turn lower again.
Just let it do it on its own, and then it will be your job to react to the next sell-off, if it happens again here soon.
The initial reaction following the FOMC statement has been a bit muted, so there isn’t much to glean from there.
Like I said, let the price action come to you, don’t chase it, don’t predict it, just follow it.
Here’s the list of bearish trade setups:
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