S&P500 - Bear Trap in the maki-To The Moon - Tiger Brokers Online Investing Community

Asphen
2022-08-10

S&P500 - Bear Trap in the making again in approaching CPI?

- Weak selling; Decreasing volume

- Line in the sand remains at 4080/4090

- MA lines are crossed over well (will offer good support when it comes down)

Be cautioned

- Bear still awaiting at 4200/4210

NOTE - Alot comparing the 2 price action (Late May and current) and expect similar drop. They are very different. The right one is of a bullish and well built structure. It will not drop like the left one.

Conclusion - Still bullish with reversal happening when line in the sand is broken through

@TigerStars @CaptainTiger @YTiong @Deposit @DomH @EvanHolt

# Technical Analysis

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Lionel8383
·2022-08-10
Yes im on the bullish side too. Some indicators show that June was the highest in terms of oil, & commodities like copper, etc. Wheat prices down recently too. A strong jobs number, is that recession?
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- Asphen:
  to note also, market might react differently to cpi too. a cool number does not mean will bull. neither will a hot one crash the market. best to watch n react.
  2022-08-10
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- Asphen:
  recession will actually hit in 2023 in 2 steps of FED action. and we will see that real bear market that everyone keep on touting recently.
  we are ripe for a pullback though and CPi might trigger it
  2022-08-10
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- Asphen:
  headline number might come down but core CPI might remain hot....as demand is not fully destroyed by FED yet
  2022-08-10
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JohnL
·2022-08-10
Let's see
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- Asphen:
  yup. observe and react, don't predict.
  2022-08-10
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LEngLEng
·2022-08-10
Thanks for sharing 😊
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- Asphen:
  you welcome
  2022-08-11
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Andie8392
·2022-08-10
good post.. thanks for sharing
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- Asphen:
  you welcome
  2022-08-11
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greyGrey
·2022-08-10
asphen boss
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YesMdm
·2022-08-12
what's ur take? bullish or bearish bias? hmm..
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- YesMdmReplying toAsphen:
  many thanks for your pov :)
  2022-08-13
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- Asphen:
  bullish till end of 2022 but now due for a pullback and also another significant drop in Sept.
  2022-08-12
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JunioR
·2022-08-10
Bear trap indeed
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- Asphen:
  nice
  2022-08-10
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Ceres303
·2022-08-12
thank you for sharing
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JLKang
·2022-08-10
timely reminder
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gupzbajaj
·2022-08-10
like pls
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DanHayashi
·2022-08-12
sweet
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Vic_yk
·2022-08-11
👍
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Yingkie
·2022-08-10
👍
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Feng11
·2022-08-10
gg
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Summer 炎夏
·2022-08-10
Thanks
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shan111
·2022-08-10
nice
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Kenpoh
·2022-08-10
👍🏻
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battt88
·2022-08-10
👍
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BeatriceChau
·2022-08-10
👍🏻
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HarimauJago
·2022-08-10
👍
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