Trade Setups For The Short Side

 | Jan 27, 2015 03:48PM ET

The Dip Buyers came in strong Tuesday afternoon and are trying to propel the market back to break even, possibly.

Rarely is it a good thing for S&P 500 to open 30 handles lower and expect that it will stay there. Instead the best sell-offs are those that occur when the market opens higher or flat. There simply are too many people out there still that see a gap down as a buying opportunity.

That said, there are still numerous events this week that could ultimately push the market back lower again -- think FOMC statement. So the list below could remain relevant throughout the week if the news continues to disappoint.

Here's the bearish list of trade setups: