Perfect Bull Trap Setup - SPY 20ema/50ema Bear Crossover
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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Related publications
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.