Seriously, what does NOT fit the bill trap scenario? People have been saying this the entire time we've been going up.
How about the absence of a bearish pattern that coincides almost perfectly with the April bulltrap top level, that is between fib 0.5-0.618.I don't know about other people but I pointed out similar rising wedges twice recently in this thread that both proved to be valid. I'm merely sharing my observations, not sure why it really bothers you that much that I'm throwing out a possibility that goes against your opinion.
Doesn't bother me. Your theory just assumes we are in a bear market. However the downward trend lines have been broken and the upward trend lines have not. Your wedge ends just below 1000 so surely we will have resistance at or before then that may well break the wedge downward. But your chart could just as easily start with the wrong assumption. While fib levels may be similar to April, nothing much else is.
