Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Bearish Trade Setups If The Market Can’t Hold It Together

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Apple (AAPL) pulled back hard yesterday and with it is 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:

bearish list of trade setups 9-3-14

Be sure to checkout more of Ryan’s Swing-Trades at SharePlanner.com

Getting Whippy

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Yesterday was surprisingly weak, and there is very definitely a setup for bears to follow that through today, though with ES back up testing 2006 overnight so far that may well not deliver.

On the daily chart there was a bearish engulfing candlestick, though not a classical one as the previous day closed down rather than up. SPX is very close to triggering a daily RSI 5 / NYMO sell signal and another day of weakness would most likely deliver that. Only three charts today as I’ve been putting together the stats for those signals since the start of 2007 and should have those ready for tomorrow’s post. SPX daily chart:

140904 SPX Daily Patterns BBs MAs

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