While most names in the market appear bearish, we need to make sure we pick our spots wisely on the short side.
The S&P 500 (/ES) and Nasdaq (/NQ) are trading at -2 average true ranges (ATR) from the 21 exponential moving average (EMA). We’ll look to short the indexes on a bounce to the 21 EMA.
In the video above, we’ll review our weekly watchlist, recently closed and open positions, and the bullish sectors in an overall bearish market.
Stay Focused!