After a strong three-day pop last week, the bears have responded with an equally as impressive three-day sell-off. The conclusion to all this is that the market simply isn’t going anywhere, so staying light and nimble and not trying to react to every whim of the market is key. 

That means not constantly flipping back and forth between bullishness and bearishness and instead simply letting the market come to you and dictate direction accordingly. 

That also means staying light. Right now I am 30% long, and not getting aggressive in either direction. Instead I want to remain nimble enough to respond as price action on SPX unfolds going forward. 

Here’s the bearish list of trade setups:

bearish list of trade setups 9-23-14 

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