dvilla018

SPX - Bull Trap coming to an end

TVC:SPX   S&P 500 Index
Looking at the data from the low we can see a closing wedge , and given the reversal of the MAs, plus the continued downward trajectory of the 50 MA, these are strong possibilities 2955 is the ceiling and we're headed back to 2724 in this Bull Trap market. It would be wise to start stacking sandbags, but not the time for shorts unless 2955 is breached due to the 200 MA sitting at 3000.

The true bull run is coming, just not yet.

Good luck and thanks!
Comment: Continuing with the trend, the market looks retest 2724 with a possible pump then dump.

Comments

I've been hearing this for a month, and meanwhile the market went up by 30%.
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rosscepp e750f14dabd54743bb32b8630c1280
@e750f14dabd54743bb32b8630c1280, Always do the opposite of what the majority of posts in here say. I caught the low on March 23rd and rode it up until around 2800 then got out.. should waited a little longer I guess.. now I’m starting to feel fomo better walk away for a while. I made over 20% and avoided that huge drop in my retirement account..
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Nice cHart and Analysis
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