re: s&p.. for croupier Bull trap - simple enough, an upside whipsaw. All the longs jump on and are smashed by the weight of selling. Bear trap is reverse - a trap for bears (not by bears). www.investopedia.com/terms/b/beartrap.asp. As you suggest the usage is a bit confused and some commentators get it wrong.
SPX - I shorted on Fri as it was clearly due for another leg down. This in fact happened but the market reversed. Unfortunately I dont trade intranight (if I want to avoid divorce) otherwise I'd be significantly richer this morning.
SPX has now clearly moved back into uptrend. There is a rather rough reverse H&S there pointing to 1080 or so.
Be long or be wrong.
s&p.. chart for those interested, page-9
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Last
$4.88 |
Change
-0.050(1.01%) |
Mkt cap ! $3.277B | |||
| Open | High | Low | Value | Volume |
| $4.93 | $4.94 | $4.87 | $3.649M | 746.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3967 | $4.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 3231 | 2 |
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