SP500 Bears Knocked Down The Bulls (Will They Fight Back?) | Stock Market Technical Analysis Update
In this video, I do a stock market technical analysis update on the SP500 (SPX / S&P 500). Todays technical pattern is known as a gap and trap. This is a very bearish signal, especially after a break of resistance. Was this just a fake breakout and the bears are taking control validating a bull trap? Or are the bulls about to get back up and fight back saving what can be a massive stock market crash?
Well, we are going to need to continue to wait and get more data! These are exciting times in the stock market. I hope you enjoy these daily stock market analysis updates.
If you have any questions, feel free to leave them in the comments below!
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#SP500 #StockMarketCrash #TechnicalAnalysis
DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only
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