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UnknownUnicorn6611233
Feb 29, 2020 12:42 PM

Potential Bull Trap Incoming 

US SPX 500OANDA

Description

Be very careful - Next week will start with a pumped S&P 500 right below the main trend line and a resistance level. You might wanna make sure those two are properly broken before you consider yourself out of the woods... Otherwise you might be in for a rough ride :D

Comment

Based on trading hours worldwide, this is actually something to worry about if you live in Oceania / Asia. Stock markets in the US and Europe will still be closed by the time this plays out.

Comment

Bull trap confirmed. The last line of defense (bullish trend line) just broke.
Next ? Double bottom ? Straight to hell ? I dunno...
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