SPY: Tuesdays 2.9% Rally Was a Trap – Gap Down Confirms Bear Cas
SPY ripped from $632 to $651 on Tuesday ā a +2.9% rally that had everyone calling the bottom. Two days later, it gapped down to $646, VIX surged +13% to 27.7, and the rally looks like a textbook bear market bounce. The Pattern:Tuesday (Mar 31): SPY gaps up, runs from $632 to $651. Massive volume,…
