The bulls should be getting worried here.
Yes, they find a way to rally the market off of its steep lows every time we see a sell-off, and we are seeing that happen again today, but the theme is that the bears are being relatively persistent in the last few weeks by putting its boot on the neck of the bulls and trying to push price lower.
We haven’t see the dramatic selling quite yet, but if this desire continues, than you can count on it happening, because the more support the bears can break the more nervous the bulls will become, and that is when the snow ball effect takes place with 40-50 point down days on SPX.
So comb through the list of short-setups to guide you through this week and decide which ones you want to be short while this market tries to push lower.
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