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Hai Lu
Apr 19, 2020 9:26AM ET
fade your wrong call all day
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S&P 500 Futures Bull Trap Looks Near Completion, Before Steep Fall Ahead
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 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.
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S&P 500 Futures Bull Trap Looks Near Completion, Before Steep Fall Ahead
Comments (11)
nobodycares
Apr 17, 2020 12:40AM ET
Dude, i support you, you are the very few ppl who cab still understand the true implication of this risk, 2600 is retest soon.
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whitfield thomas
Apr 17, 2020 12:11AM ET
Why do “technical analysts” ever post anything? What was “technical” about Steve Mnuchin’s phone call Christmas 2018? Explain that one to me.
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CLS Trader
Apr 16, 2020 11:54PM ET
You just missed the bear trap. LoL
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ZENI IKPAH
Apr 16, 2020 11:54PM ET
so what's your opinion
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ZENI IKPAH
Apr 16, 2020 11:54PM ET
new to trading here...just keeping up with analysis
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CLS Trader
Apr 16, 2020 11:54PM ET
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.
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Grant Gilligan
Apr 16, 2020 10:36PM ET
You are en fuego! I do the opposite and I win everytime!!
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Vorlon Firstone
Apr 16, 2020 10:27PM ET
Mr Satendra “NeverRight” Singh
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Philippe Ball
Apr 16, 2020 9:18PM ET
Who ever said sell when everyone says to buy? Oh, wait that’s a nobody called Warren Buffett.
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whitfield thomas
Apr 16, 2020 9:18PM ET
You talking about the Insider Trader who colluded with the Fed?
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Apr 16, 2020 8:17PM ET
care to adjust your thesis
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Alejandro Rosario
Apr 16, 2020 8:03PM ET
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
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Hai Lu
Apr 16, 2020 7:43PM ET
lol always wrong
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Alejandro Rosario
Apr 16, 2020 7:43PM ET
Indeed.hahah
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