A bull trap is a sudden, short-lived uptick in a declining market that can trap unwary investors. Be patient during market downturns, as the stock market goes through cycles. US equities saw a sharp decline as Fed Chair Jerome Powell suggested that interest rates may need to go up faster than expected to control inflation. We probably will see a downturn to 9000-10000 for nasdaq. Stay safe
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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.