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