Three days in a row now, the bears have tried to push the market lower.
And three days in a row, the Dip Buyers stepped in and refused to allow them that simple, overdue courtesy.
You can’t really get short on this market when the bulls start buying it back up immediately after the open, so a little patience is required if you are going to succeed in this market. Wait for the sustained breakdown before deciding to get short. You need to see at least one day, where the bears can prove it is in their wheelhouse to push this market lower and when it happens, it needs to be severe enough to damage the charts and create some bearish readings in the process.
Until then, tuck this list of short setups away, and use them, when the time is right.
Here’s the bearish watch list of swing-trades I am following:
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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