Bull Traps

The last component of our understanding or thoughts about what this bounce would look like ended with a Bull trap. right now in all 3 majors, we have at least intraday bull traps. This may create high volume today, this is the opposite of a short squeeze. There seems to be a trade program at work here, the declines are too linear for all human trade, so this of course raises the question, "Was this planned?" and from what we've seen in 3C, the answer would be a simple, "YES".