This is absolutely the market that “couldn’t”

It can’t go up…

It can’t go down…

It just trades side-to-side. 

Honestly, I don’t care whether the market is bullish or bearish, but the narrow range we have been trading in since March definitely makes you earn your keep as a trader. 

There still is opportunities out there, albeit not as easy to find as 2013 was, but when you find them, trading with tight stops and aggressively taking gains is a must. 

After yesterday’s close it looked as if the market was ready to challenge 1900, but that couldn’t be further from the truth, as the short-term trend-line off of 4/28 lows looks ready for a possible break. 

If that happens, all bets are off and this market will have lost any bullish edge it might have had coming into the day. 

With that said here is today’s bearish watch-list.

Bearish Trade Setups 5-20-14

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