Watch For a Bull Trap

Prior Warning Given of Bear Flag Forming

We’re nearly Perma-Bulls here at, however, we need to call it like we see it.

What a great day it was for the market today. Although the bottom MIGHT be in, traders and investors should rewind the clock a bit and look at what happened in early April.

The market sold off violently.

Read that again. The selloff wasn’t a gentle drift downward.

What *could* be forming is a bear flag (as we mentioned in a prior post recently) with a potential bull trap ahead.

Essentially, bulls may soon rush in with FOMO (fear of missing out), and get caught in the “bull trap” when the market resumes its selloff.

We have to wait and see – and we suggest you do the same.

Similar Posts