Proof Its a Bull Trap (This Is Why The Stock Market Is Rising) | SP500 Technical Analysis Update

In this video I go over the "proof" that Bull Trap exists. Is this why that stock market is rising? Lets deep dive in the SP500 (S&P 500 / $SPX / $SPY / US500) Technical Analysis update and I'll try to prove the Bull Trap of 2020 exists.

Stocks today and the last few weeks to be honest have been acting very funky. Nothing seems to line up with the market data. The fundamentals are weak, but the markets are going up. People have no jobs, but the stock market is going up.

Today I discuss my theory as to why the stock market is going higher. I think its more than just the fed causing it to run up. This is just rumor / speculation. and person opinion.

Casino, sports betters, and gamblers of all types have been sitting on the sidelines waiting to get into the action. Where else can they turn at times like this? The stock market is the perfect place. In the video i go over some data revenue as to just how much money can be entering into the markets and let you in on my point of view.

I also discuss my current short position im building and the reasoning behind it.

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Articles Referenced:
https://www.onlineunitedstatescasinos.com/usa-gambling-facts/
https://www.statista.com/statistics/271583/casino-gaming-market-in-the-us/
https://www.legalsportsreport.com/sports-betting/revenue/

DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only.