Its bearish out there folks and as you constantly hear me repeating week after week when the market was rising to always maintain a bearish watch-list not matter how bullish the market is. You never know when you’ll need it. 

Well, conditions started rapidly deteriorating last week, culminating in a nasty head and shoulders pattern on the 30 minute chart. As a result it was time for me to take a position in the SPXU (Bearish 3x ETF) and two additional short positions from the list below. 

But the market doesn’t look like it is wanting to come out of its funk anytime soon and could see additional selling throughout this week. 

As a result, keep my list of trade setups handy, because more than likely you are going to need it quite a few times. 

Here’s the list of bearish trade setups:

Bearish-Watch-List-3-10-15

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