While the past two days have been extremely unkind for the bears, they are by no means irrelevant or out of the picture. 

It remains to be seen whether this is just a dead cat bounce or a push out of the two months of consolidation the market has found itself in. If it is the latter, it needs to get above 2065. 

With that said, there has been a great amount of success shorting the recent rips higher in this market but the risk is, if the market continues to push higher after getting short, the pain will be extreme. 

Instead I would wait for the market to start breaking down and then get short at that point. A close below 1988 would be a game changer for the bears but that has yet to happen. 

Here’s the bearish watch-list:

bearish-trade-setups-2-3-15 

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