FTSE it might break higher, but it may not be a Bear trap but a Bull trap.. Weekly needs to get above its area of resistance (and that is likely the trap area).
Similarly, SP500 is touching a line of resistance. Potential for a Bull Trap breakout too.
People need to ask the question of what is going to push these markets higher? What are the positives that will contribute to this?
Is this just a FOMO setup for the institutions to get markets pushed higher to then dump into?
Look at NVDA, AAPL, MSFT and the others in the magnificent Seven. Do these look strong or weak?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-12637
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