We are 100% in the bear trap right now because this situation is similar to the two weeks ago bitcoin or crypto market where crypto currencies were dumping more than 25% than the ATH rates of current year.

If this is not true then just check all the discussion boards from last two weeks and you will see its all about the bear talks. Ideally whenever the market pulls back itself more than 15% then it is bear trap start point and vice versa is also true for the bull market.