Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

S&P 500 Futures Bull Trap Looks Near Completion, Before Steep Fall Ahead

By Satendra SinghMarket OverviewApr 16, 2020 05:15AM ET
www.investing.com/analysis/spx-bulls-trap-looks-near-completion--before-advent-of-steep-fall-ahead-200521570
S&P 500 Futures Bull Trap Looks Near Completion, Before Steep Fall Ahead
By Satendra Singh   |  Apr 16, 2020 05:15AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Despite a plethora of problems, like worst unemployment and long global supply chain disruption, S&P 500 Futures look at the verge of completion of a “Bull Trap” amid a downward voyage. This has been intact since February 24th, 2020.

This sudden bullish move seems to be facing stiff resistance at the current levels and is likely to extend a steep downward trend amid this result season. The sudden disruption in the global supply chain due to the increasing number of infected cases of COVID-19 may enhance pressure on profit margins in the U.S.

The current move looks like a last futile attempt by S&P 500 futures amid the prevalence of bearish fundamentals. There needs to be a real reason to propel the move upward; otherwise, we could see a steep fall before this weekly closing.

S&P 500 Futures Daily Chart
S&P 500 Futures Daily Chart


S&P 500 Futures Weekly Chart
S&P 500 Futures Weekly Chart


S&P 500 Futures Monthly Chart
S&P 500 Futures Monthly Chart


Disclaimer

1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

S&P 500 Futures Bull Trap Looks Near Completion, Before Steep Fall Ahead
 

Related Articles

Craig Erlam
Week Ahead – Rate Hikes Keep Coming By Craig Erlam - Aug 12, 2022

Barring The Obvious Exception We may have entered into a typically slower time of year for financial markets but as last week showed, there really is no such thing in 2022 and I...

S&P 500 Futures Bull Trap Looks Near Completion, Before Steep Fall Ahead

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (11)
Hai Lu
Hai Lu Apr 19, 2020 9:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
fade your wrong call all day
Temujin Li
nobodycares Apr 17, 2020 12:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Dude, i support you, you are the very few ppl who cab still understand the true implication of this risk, 2600 is retest soon.
whitfield thomas
whitfield thomas Apr 17, 2020 12:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why do “technical analysts” ever post anything? What was “technical” about Steve Mnuchin’s phone call Christmas 2018? Explain that one to me.
CLS Trader
CLS Trader Apr 16, 2020 11:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You just missed the bear trap. LoL
ZENI IKPAH
ZENI IKPAH Apr 16, 2020 11:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
so what's your opinion
ZENI IKPAH
ZENI IKPAH Apr 16, 2020 11:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
new to trading here...just keeping up with analysis
CLS Trader
CLS Trader Apr 16, 2020 11:54PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ZENI IKPAH  4H looks bullish, but daily doji bar above 50ema is bearish. Might have some pullback to 50% 2758 or 38.2% 2641 before advance to golden ratio 2930.
Grant Gilligan
Grant Gilligan Apr 16, 2020 10:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You are en fuego! I do the opposite and I win everytime!!
Vorlon Firstone
Vorlon Firstone Apr 16, 2020 10:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Mr Satendra “NeverRight” Singh
Philippe Ball
Philippe Ball Apr 16, 2020 9:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who ever said sell when everyone says to buy? Oh, wait that’s a nobody called Warren Buffett.
whitfield thomas
whitfield thomas Apr 16, 2020 9:18PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You talking about the Insider Trader who colluded with the Fed?
Apr 16, 2020 8:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
care to adjust your thesis
Alejandro Rosario
Alejandro Rosario Apr 16, 2020 8:03PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I bought some vertical calls of the spx expiring tomorrow and monday. Bought them for less than 25 max profit 500 for each. I always trade the opposite of this gusy
Hai Lu
Hai Lu Apr 16, 2020 7:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol always wrong
Alejandro Rosario
Alejandro Rosario Apr 16, 2020 7:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Indeed.hahah
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email