$SPDR S&P 500 ETF (SPY.US)$SPY’s been living in the lower quadrant of the RSI for the past couple days. Everytime it touches the middle line, price pulksback to a drmand zone. Right here ive got SPY approaching a previous supply zone that caused the big move down on DEC18. i think it has some more potential to rise, but i dont see it turning bullish. its currentlt fighting some resistance at 597.92. if it confirms below, i believe itll be bearish for a couple days. any thoughts?
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Ultratech : no such thing as a bull trap.
70691382 OP Ultratech : Given current conditions, I tend to disagree.
Ultratech 70691382 OP : I googled it. no such thing only bear traps