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Bearish Setups If Double Top Confirms

Published 03/31/2015, 03:16 PM
Updated 07/09/2023, 06:31 AM

The bears have made some progress towards erasing yesterday's gains.

However, it doesn't seem overly impressive at this point, unless they can stage an end of the day sell-off. Instead it has more of the look and feel of the rally from 3/12 through 3/20 where the market moved in a two steps forward/one step back.

Nonetheless, let's be ready to short at will if the market deems it necessary in the coming days. A move below 2040 would confirm the double top currently developing on the 30-minute and daily S&P 500. If that happens you will want my list of trade setups below.

Here's My Bearish List

Bearish Stocks To Watch

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