Tuesday, October 9

Stock Market Precipice?

The technical set fingerprints of a bearish set-up are present.

In June/July, we saw a bullish RSI divergence... next thing you know, the market rallied almost 200 points!

Now, notice the same exact set-up, except this time it's bearish.

Just be mindful of the adage, "Don't Fight the Fed". They're pumping so much money into the markets that you could get steamrolled on a short trade.

Then again, if you don't believe in following the news and you think the charts tell the story, this is a no brainer trade.

Manage your risk accordingly!

(CLICK TO ENLARGE)