June SPs could face bull trap if they drop into 6350 to 7080, Linda Raschke warns

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June SPs could face bull trap if they drop into 6350 to 7080, Linda Raschke warns — Bull trap risk in June SP futures

Linda Raschke, founder at LBR Asset Management, analyzes the latest developments in the June SP futures chart. Raschke notes that a move back down into the 6350 to 7080 range could suggest the emergence of a significant bull trap.

She observes that the technical picture remains unchanged even when using a log scale, referencing her previous chart update from May 17.

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Raschke has recently identified a three bar triangle breakout pattern in copper at the Asia market open. She also observed two higher lows on the SI 2 hour chart, noting a possible trailing stop trigger above the Vol ATR green line. These technical observations reflect her continued focus on chart patterns across multiple markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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