MCM indexes show intra-day bear trap setting up

The indexes below show a potential bear trap setting up:

Bears could be in trouble:

  • you can see on this chart people are expending a large amount of effort via the accumulation index
  • very high amount of downside trade ticket ratio but there are no dollars being transacted
  • There are no dollars being transacted on the "dollars added" graph
    this means all very small trades designed to make the make internals look much worse than they are
  • 1200% more downside trade tickets than upside yet price at highs

NO dollars moving & NO progress by bearish trade efforts = trap

05.18.2015-11.02_MCM_Indexes_SPX

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