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Short Setups, But You'll Want To Hold Off For Now



March 02, 2016 – Comments (0) | RELATED TICKERS: MA , TSLA , ETFC

Rip-Roarin' rally today that has SPX shattering resistance levels with authority. 

Quite honestly, it is embarrassing to be posting a list of short setups on a day like today where the market makes it entirely nonsensical to be playing any of the shorts below. But it is Tuesday, and that is when I post this list - for better or worse. 

SPX sold off hard in the afternoon trading yesterday, and gave pause to the current market rally, particularly when it broke through all the support levels it needed to hold. But today is like yesterday never happened and instead you have a market that has people now talking about pushing through 2000 with a nice bullish kicker on the SPY daily chart. 

So don't look at the list below and think that just because the setup is ready for the taking that you should be adding the positions as a short. Instead, watch the market and if it ultimately decides to give up its recent gains, then that will be your cue to get short on the market but not until then. 

Here's my short setups 

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