how many bulls will the S&P 500 trap?

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After a ~35% panic drop in the S&P and a bear rally fuelled by the fed money printing machine, will reality finally catch up with the market? Record unemployment, lackluster company earnings, a shutdown economy, a worsening health crisis, uncertainty for the future, declining volume & momentum - all ingredients that reduce investor confidence which will inevitably cause the market to drop. I suspect to at least test the recent low, if not much lower to around ~1600.

Price has hit the .5 retrace at the 1:1 extension and it's all down from here. How far down we'll have to see what the wave structure gives us.

Please comment with your thoughts.

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تم فتح الصفقة

Entered short at 2855

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أغلقت الصفقة: تم الوصول لوقف الخسارة

SL hit. This bear got trapped.