Perfect bull trap setup on S&P 500
Updated
Today we may see a perfect bull trap setup, making a new high while breaking the 61.80% fib level.
This bull trap should squeeze a lot of short positions out while comforting the bulls they're right pushing the market upward. If I'm right, both sides will get hurt by this setup.
This bull trap should squeeze a lot of short positions out while comforting the bulls they're right pushing the market upward. If I'm right, both sides will get hurt by this setup.
Comment
For those interested to play short term, you can probably buy upon resistance at 2894 or 2902 up to the 2935.Comment
* upon support
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