Bearish Trade Setups to Zero In On
01/23/2015 7:00 am EST
Ryan Mallory, of SharePlanner.com, shares a bearish list of trade setups and points out that your chances of succeeding with either short or long positions are currently about even and it really depends on how you see the charts and where you think this market is heading.
The way this market has been behaving of late (essentially unchanged since the end of August) your chances with succeeding with short trades are on par with that of long positions. It really depends on how you see the charts right now and where you think this market is heading.
With that said, below is my bearish list of trade setups that I am currently following and may even trade at some point this week, if the market shows that it can not sustain this three-day bounce we are in the middle of right now.
Here's the Bearish List of Trade Setups:
By Ryan Mallory, Founder, SharePlanner.com