Sunday Night Setups

A big week ahead as the next few days should provide clarity on several patterns in the broader market.  We are now back in sell the rip territory, if we break to the upside here off the bull flag I’m watching we could see a quick move north.  If the market rolls over here as traders step in to sell the rip once again, the momentum divergences I’ve been looking at will become more pronounced and signal a likely end to this rally.  I’ve posted a bunch of charts with good setups both long and short for the first few days of the week.  Remember that trades should only be taken once certain levels have been cleared, don’t try to anticipate and be a hero for another few pennies, take the breakout and be vigilant with your stops.  Have a good one ( trading setups on chart.ly ).

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