Bull Trap or Bear Mirage?
by Tony Rago
Yesterday’s action was suspect. Sellers dominated late last week… then disappeared. So what is this? A real bounce — or bait?
Here’s the deal:
If bears mean business, they’ve got to take us back under 23,000 and 6300 fast. No follow-through, no pressure — just talk.
If bulls want control, they need to defend the overnight lows and flip 23,412 and 6388 into support. If they can do that, we could see another leg higher.
We’ve got econ this morning, so let the first 30 minutes set the tone. No hero trades — just read the tape.
Everything’s mapped out in today’s free Pre-Market Playbook.
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