It is a nice example of a bear trap. A very good combination of support, worse than expected data, Fed speeches...
The only question is, is this spike going to last) Is this the spike bulls have been waiting for to start a rally which takes us above the 14,200? Or is it just the spike to kill shorts... I guess the future will tell us.
None the less, I never sell at the support, I like to sell high.
Take care mates.
The only question is, is this spike going to last) Is this the spike bulls have been waiting for to start a rally which takes us above the 14,200? Or is it just the spike to kill shorts... I guess the future will tell us.
None the less, I never sell at the support, I like to sell high.
Take care mates.