Short Setups If There Is A Short-Term Breakdown

The market refuses to sell-off hard and avoid even a short-term breakdown.

Even today, yes you have some downward pressures but all that it has really been good at doing is selling off the market’s afternoon gains of late. 

SPX is down 3 out of the last 5 trading sessions. The two days that SPX is up are simply dojis that saw intraday profits gained after the open, get wiped out. 

The play still remains with the Nasdaq. If you are shorting the Nasdaq stocks, you are really passing up on a lot better shorting opportunities in a market that really isn’t conducive for profitable shorting in the first place (i.e. you are taking the hardest path to profit making).

Nonetheless, I still have put together a bearish list of short setups to watch as the week progresses. Many of them have been on the list for a while now, as the market, for nearly two months, hasn’t really gone anywhere. 

But check it out and tell me what you think.