SPX Too good to be true

It seems too good to be true! a bullish megaphone has emerged amidst all this chaos. This is where TA and fundamentals clash. Or do they?
As you can see the Fibonacci spiral provides sufficient resistance for a large drop. With the price gapping over the spiral!
I believe this to be one of the biggest bull traps i've seen.
I highly DOUBT we will see a follow through of this bullphone and a collapse is next.