Trapped??? Don't be

Were you one of the traders that got trapped by last fake bearish moves from SPX? Not only the infamous HS pattern from late June but many other times the indices give us fake signals just to trap everyone and run in the opposite direction. What to do? As usual: look for confimations at other relevant sources. In this case we can see how the EURUSD action did NOT coupled with the bearish move at SPX thus alerting us about the trap.

Enjoy: