I'm still trying to work out the difference between a dead cat bounce and a bull trap and which on should apply here, because in reality we didn't even see a higher high, before SP started falling again - kind of bouncing back off 20c. So I would want to see some confirmation of a trend change before putting any trust into this move. So I would want to see it bounce off support and close above a certain line. If it can't do that you have nothing and the bull trap plays out.
If you need a chart for that just look at on of the one's I posted before it's all there!
I'm still trying to work out the difference between a dead cat...
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| Last trade - 14.52pm 03/06/2024 (20 minute delay) ? |
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| Last updated 15.38pm 03/06/2024 ? | |||||
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