Given that this tech giant was pulling back hard on Wednesday, Ryan Mallory of SharePlanner.com offers a list of bearish trade setups in case the market decides to take this as a cue to accelerate to the downside.
Apple (AAPL) was pulling back hard Wednesday and with it was trying to take the Nasdaq down as well.
But the market has not reached a point where it is time to flip to the short side. You have to wait for price to confirm the sentiment no matter how strong that sentiment might be.
But for now, I've put together the current list of bearish trade setups that should be considered this week if the market decides to start some acceleration to the downside.
Here is the bearish list of trade setups:
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By Ryan Mallory, Founder, SharePlanner.com
