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TradingWithTrends
Oct 11, 2020 7:18 PM

SPX To 3500 by Friday, Weekend Update - 3800+ Coming Long

US SPX 500OANDA

Description

The aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher.

This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it wants to go higher.

Look for a pullback Monday/Tuesday with a push up to 350+ for Friday.

It's important to understand when the market is consolidating, trading in a range or chopping around. It's even more important to identify when it is in an aggressive uptrend. Now is that uptrend. Now is the time to be aggressive.

If you missed out on July/August runs or suffered from FOMO off the March lows. This is your opportunity. This is the time you need to take advantage of the uptrend.
Comments
poister198
Yes agree! But pullback is also possible,, so would only buy dips
TradingWithTrends
@poister198 absolutely! Monday or Tuesday dip. Look to hold 3425
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