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Bixley

SPX Too good to be true

S&P 500 (TVC:SPX)  
Bixley  
TVC:SPX   S&P 500
Trend Analysis Chart Patterns Harmonic Patterns Fibonacci Spirals S&P 500 (SPX500) SPX (S&P 500 Index) spx500short US SPX 500 spx500long spxshort SPXUSD
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trendanalysis chartpattern harmonicpatterns fibonaccispirals spx500 spx spx500short spx500usd spx500long spxshort spxusd
It seems too good to be true! a bullish megaphone has emerged amidst all this chaos. This is where TA and fundamentals clash. Or do they?
As you can see the Fibonacci spiral provides sufficient resistance for a large drop. With the price gapping over the spiral!
I believe this to be one of the biggest bull traps i've seen.
I highly DOUBT we will see a follow through of this bullphone and a collapse is next.
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