The 2022 March low is a massive bull trap, signaled by trend breaks and a monthly RSI divergence. The setup here reminds me of 1987.
Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc).
DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation occurred during the 2022 Feb-March dip, similar to after the Covid low.
DIX has now fallen back to historical averages, without any equivalent sell-side activity occurring. This indicates that a significant number of OTC customers are now trapped in losing positions.
Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc).
DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation occurred during the 2022 Feb-March dip, similar to after the Covid low.
DIX has now fallen back to historical averages, without any equivalent sell-side activity occurring. This indicates that a significant number of OTC customers are now trapped in losing positions.
Nota
Not only are OTC buyers still caught in the trap, they bought more!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.