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RRisback
Oct 8, 2020 2:31 PM

Biggest trap ever in S&P500 off a massive head&shoulders! Short

E-mini S&P 500 FuturesCME

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Comments
poister198
Isnt inversed h&s....bullish?
RRisback
@poister198, yea, originally inversed h&s is bullish, but when it is so obvious as here, it often traps people for long, by fakeout of the neckline. This is usually followed with selling pressure resulting in sharp decline. Obviously, this did not happen yet, but could still play out in case today or Monday closes below the neckline.
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