Let’s recap the week after this market started to lose bullish structure. Take a look at the weekly chart on the S&P 500 (ES) because we do find support at the 21 exponential moving average (EMA) while the daily chart shows bearish structure. Until we see two to three closes back above the 21 EMA, approach your trading as a ‘short the rip’ market. In this video, we’ll discuss key spots we’re looking to short and which setups are maintaining their bullish structure amidst a volatile market.
Stay Focused!