Singkat
US100 - SHORT (bull trap?)
Last week I took 2 selling trades on the 7770 mark and closed the most recent yesterday after market opening (openings are marked with arows). Price broke out that level and is finding resistance at ~7960. This comes after a rally and short sellers are opening positions at the 7960 level.
In my opinion we are facing a continuation of a bull trap. Price will break and retest this level, followed by a massive move to the downside. Not a matter of if, but when, since we are facing a crisis.
Quantitive easing, 0% interest rates, trillions in debt, index funds bubble, more and more virus cases and shutting down businesses. All this has impact on the market and I will be waiting for price action on the 8000 level to short. Not sure if the bull trap is ending, since we had a clear one that resulted in 400pips of sell off and after that we saw movement to the upside.
Would like to know your opinions!
In my opinion we are facing a continuation of a bull trap. Price will break and retest this level, followed by a massive move to the downside. Not a matter of if, but when, since we are facing a crisis.
Quantitive easing, 0% interest rates, trillions in debt, index funds bubble, more and more virus cases and shutting down businesses. All this has impact on the market and I will be waiting for price action on the 8000 level to short. Not sure if the bull trap is ending, since we had a clear one that resulted in 400pips of sell off and after that we saw movement to the upside.
Would like to know your opinions!
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.