I think future bull trap in equities. I want to short SPY

27 мар. 2020 г.

Thank you for checking out my chart. Yellow box is first buy zone, green is 2nd, blue is third. I drew ray trend lines on this graph starting from far left going straight across. When I was finished, it looked a lot like a fib retracement, then I changed it to the actual fib retracement. I think this is a bull trap, that is the angle I am playing. RSI coming up to resistance. Looks like there is room for it to still move up though.