Yesterday afternoon's rally
from SPX 4442.38 Low
was almost certainly a bull trap !
This can be seen clearly on the 3 X Reverse S+P 500 ETF SPXS Chart
which yesterday formed the handle, on a potentially powerful "Cup and Handle Pattern"
The US stock market is now vulnerable.
Perhaps more than one realizes.
This has triggered a "lower price alert signal, in my work.
Traders should use extreme caution today.
SPX Close 9/6/23 4465.47
THE_UNWIND
WOODS OF CONNECTICUT
from SPX 4442.38 Low
was almost certainly a bull trap !
This can be seen clearly on the 3 X Reverse S+P 500 ETF SPXS Chart
which yesterday formed the handle, on a potentially powerful "Cup and Handle Pattern"
The US stock market is now vulnerable.
Perhaps more than one realizes.
This has triggered a "lower price alert signal, in my work.
Traders should use extreme caution today.
SPX Close 9/6/23 4465.47
THE_UNWIND
WOODS OF CONNECTICUT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.