$S&P 500(.SPX)$ So last week we had a drop and pop week! Bear trap early in the week then reverse up to create another high on this rally!
I know the bear trap caught many offguard. but it is understandable as aggressive rallies like this takes place in a bear market.
Thats why you have to stay nimble! It was a call I had to make to close all my shorts on tuesday low despite being bearish on the overall trend because of aggressive rallies that can easily trap you.
But finally, 1st weakness spotted on this bear rally. Is it really coming to an end?! Watch the video as I share what are the weakness spotted that make this recent push up differente from all the other rallies we had the last few weeks!
Also what are the possible resistance?
As always, trade safe & invest wise!
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Video Link:
https://youtu.be/feysrN5mgMQ
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