Posted by DigiNomad on 11th of Apr 2024 at 12:32 pm
SPX 2m - lots of traders just went short on that break.
I'm watching for potential trap as it move back above the
level where they all got in and start stopping out
Posted by DigiNomad on 11th of Apr 2024 at 12:44 pm
These 2 try failure bear trap plays were golden there for a few
months. Not working so well lately. Recovering the broken
level a month ago would have resulted in panic buying as traders
rushed to cover shorts. Less urgency now, but the trade is
still a small winner, for now.
Now the shorts are covering. Nice. Out 75%
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SPX 2m - lots of
Posted by DigiNomad on 11th of Apr 2024 at 12:32 pm
SPX 2m - lots of traders just went short on that break. I'm watching for potential trap as it move back above the level where they all got in and start stopping out
These 2 try failure bear
Posted by DigiNomad on 11th of Apr 2024 at 12:44 pm
These 2 try failure bear trap plays were golden there for a few months. Not working so well lately. Recovering the broken level a month ago would have resulted in panic buying as traders rushed to cover shorts. Less urgency now, but the trade is still a small winner, for now.
Now the shorts are covering. Nice. Out 75%