🐻 BEAR TRAP in SPY?
After a sharp correction, SPY is showing a possible Bear Trap formation — right at the zone where the market often catches short sellers off guard.
📊 The pattern resembles the "First Sentiment Extreme" > Shakeout > Bear Trap phase from the classic market psychology cycle (see inset chart).
🔍 Supporting signs:
RSI bouncing off oversold territory (currently at 49.32)
MACD showing a bullish crossover forming
A strong bounce after a panic flush
If this is indeed a bear trap... 📈 we could be at the early stage of renewed optimism. The next few candles are crucial — confirmation could ignite a sharp reversal.
🧠 Don’t chase. Wait for confirmation. But stay alert.
After a sharp correction, SPY is showing a possible Bear Trap formation — right at the zone where the market often catches short sellers off guard.
📊 The pattern resembles the "First Sentiment Extreme" > Shakeout > Bear Trap phase from the classic market psychology cycle (see inset chart).
🔍 Supporting signs:
RSI bouncing off oversold territory (currently at 49.32)
MACD showing a bullish crossover forming
A strong bounce after a panic flush
If this is indeed a bear trap... 📈 we could be at the early stage of renewed optimism. The next few candles are crucial — confirmation could ignite a sharp reversal.
🧠 Don’t chase. Wait for confirmation. But stay alert.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.