$SPX What Is a Bull Trap? $S&P 500(.SPX)$
A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions.
ps. Pay attention to SMA3 in the week chart.
Lastly, I want to share one sentence with you.
Studying the market is different from learning how to trade.
Learning how to trade includes everything from managing risk to managing yourself.
Studying a market is simply the process of looking for an edge.
Once you have identified an edge, you still have to learn to trade it.
- Tom Dante
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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