Nasdaq Bull Trap ?
Although the IXIC is holding above the "STSL"
and barely above "LTSL" it still faces stiff resistance
@ 7225 level.
Looks more to me like a head & shoulders setup.
Call it a relief rally, bull trap, propped up today by
the plunge protection team buying bonds and lowering
yields or perhaps the swiss central bank or some other
entity buying "fang" stocks. I'm calling it a "suckers play"
Don't be their sucker !
Consider buying some crypto's instead
Although the IXIC is holding above the "STSL"
and barely above "LTSL" it still faces stiff resistance
@ 7225 level.
Looks more to me like a head & shoulders setup.
Call it a relief rally, bull trap, propped up today by
the plunge protection team buying bonds and lowering
yields or perhaps the swiss central bank or some other
entity buying "fang" stocks. I'm calling it a "suckers play"
Don't be their sucker !
Consider buying some crypto's instead