Since I am expecting a short term bounce in the markets in the very near future, but the momentum to still remain with the bears, I decided to include both long and short setups in this post. Let's have a look at the short setups first.
AA - Both MA(50) and MA(20) right above as overhead resistances.A good entry would be on another rejection at MA(50) or on a break of Thursday's lows.
AMAT - Nice bearish volume pattern. The move upwards on Friday was on really low volume.
OCR - A short at the resistance level marked.
And here are some long setups.
IT - Consolidating nicely after the breakout. Stop should be placed below the level marked.
NSU - Consolidating nicely around the 4 level. Has breakout potential.
PCLN - A textbook breakaway gap. Can be entered with a stop below the gap.
Take care and good luck for next week!