$E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$ $E-mini S&P 50...
$E-mini S&P 500 Futures(SEP4)(ESmain.US$ $E-mini Dow Futures(SEP4)(YMmain.US$ What is the reason for the sharp rise?
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冷月长戟 OP : The resistance level is around 16200
Investing 101 : On H1 Chart looks like a bull trap with massive bearish divergence
冷月长戟 OP : Is this the stuff of legend? On Friday, everyone thought it would continue to fall. On Monday, it began to rise sharply. Bears tried to close their positions and reduce losses, which led to a sharp rise.
Investing 101 冷月长戟 OP : Yes MM step in to buy. Too many ppl shorting already.
BeBlessed : @Investing 101 u mean the indices are bull trap? sorry my Chinese isn't strong
Investing 101 : No. It is more of a bear trap. But have to see now if ndx can cross 16450. If cross then ATH is for sure. If can't break. We may see a new low after 15600