ES Futures 2000 Style Bull Trap Sell Off

22 Oca 2023

ES Futures are setting up for a similar Bull Trap sell off similar to the year 2000. I see the same Sunglasses type pattern, a setup that I personally have coined. Price breakage of 3900 signals the sell off with 3800 as confirmation. This is the chart of 2000 and below I will reference today. Notice the similarities.

22 Oca 2023

Not

Here is today's price action showing the same sunglasses type action. Bull Trap popping above the 200 incoming

22 Oca 2023

Not

Here is the 2008 Bear Market and we are in the same place as above being on the frame portion of the glasses pattern. This glasses pattern is very powerful in bear markets.