So where are we at after the turbulence of last week? For the last 2 days it looks like the market is trying to tell everyone "nothing to see here, move along, it's all good". So what does that mean? Let's take a look at the 2hr chart below:
What we have here is a case of 'lower highs' plus price compression. What this means is that the longer we stay at this price the greater the next move will be. Higher? Lower? Good question. The only people who know the answer to that question are the investment banksters pressing the agenda. What is their intent? What would you do if you were them?
A more convincing bull trap is the risk to short now but on the long term there is only one way and it is down....Thanks Dankh! is always a pleasure to read your views!
Bull trap scenario: low CPI reading tomorrow rally to a higher resistance level (2720? more likely 2660) and then free fall for the SPX...
This post has received gratitude of 1.53 % from @appreciator thanks to: @dankh.