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Kyle_
Mar 31, 2020 7:25 AM
S&P 500 in a bull trap
Short
OANDA:SPX500USD
240
US SPX 500
OANDA
Description
⋅
Mar 31, 2020 7:25 AM
SPX500 hitting overhead resistance at the 0.382 Fib retracement or 0.5 depending on which peak your draw from. Fib retracement has been a point of reliable resistance for bull traps in both 2001 and 2008.
Fibonacci
Trend Lines
bulltrap
SPX (S&P 500 Index)
S&P 500 (SPX500)
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