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.
re: s&p.. for croupier Bull trap - simple enough, an upside...
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Last
$5.51 |
Change
-0.030(0.54%) |
Mkt cap ! $3.700B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.58 | $5.50 | $4.754M | 861.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2826 | $5.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.54 | 10167 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| DOW (ASX) Chart |