Bear trap?

As I said in the previous weekly that: in the short term, most indices are caught in a trading range and are testing January lows.
In the event of renewed panic selling, like in mid-January, I think that the correction could extend below this level.
However, I suspect they are trying to bottoming out in the coming weeks.
And now I think that with the making of the new low on monday ( panic selling) and the nice up-move yesterday, that the monday’s downside acceleration was probably a bear trap.
I also think the market is still caught in a trading range, after all March was already the fifth month down and money could flow from gold and oil (double top on the CRB index) back to stocks and into the dollar.