S&P500's Rebound Points Towards A Bear Trap (For Now At Least) [Video]

Matt Simpson, CFTe, MSTA CityIndex

Following a turbulent period for stocks, yesterday’s rebound brings hopes of a recovery and adds a strong case for a bear-trap. However, if bears get their way, bulls won’t make it out of the woods which could make for limited gains before the next onslaught of selling pressure arrives.

Author

Matt Simpson, CFTe, MSTA

CityIndex

Matt Simpson is a certified technical analyst who combines charts and fundamentals to generate trading themes.

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