Don't Miss This Golden 10% Opportunity on the SPX500

What a beautiful opportunity here, let me walk you through the several indicators here that show we should enter a long position here.

1) The BB Rejections.
The price has attempted to go below the bollinger bands for four times earlier and every time it resulted in a significant rejection. The market closed exactly on another bearish breakout attempt. I expect the price to increase again after this attempt.

2) Support & Resistance
Prices are in a sideways channel at the moment, and we can see that the support zone has been hit. This has been an area where the price bounced twice before. Making us more confident the price can go up.

3) Confluence
We see two signals at the same time: confluence! Any signal becomes much stronger if you see multiple tell-tales that confirm the same idea.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!