Bull Trap reveals itself with a flurry of selling
As the Bull Trap comes to a close, it reveals itself to what it really is. The most prominent selling does not occur until noon ET which is a strong indication, the smart money feels the down trend is the new direction. By monitoring price action through out the day, we will get an even better idea towards the end of the trading day when the smart money will decide which direction they believe the market will go the next day.
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