Perfect Bull Trap Setup - SPY 20ema/50ema Bear Crossover
Updated
We have been watching this setup since Oct & Nov but it was held off by the wu-tang double bottom bounce and the nearly 20% move off the lows.
Keep eyes on the markets here for a flush.
Historically significant crossover as I have pointed iut in past published videos and charts with huge potential for extreme downside pressure.
DXY holding the 103 support is significant.
Keep eyes on the markets here for a flush.
Historically significant crossover as I have pointed iut in past published videos and charts with huge potential for extreme downside pressure.
DXY holding the 103 support is significant.
Note
SPY 20ema/50ema 2week bear cross. 1st since 2008
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