Stop orders should be placed below the support. The main profit target is the resistance at 3550$.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
New drop will occur as we've seen on January 30.th when index fell from 3400-2200 points.
Fire sell, 40.000 billion USD drop on SPX.
Washe, rinse repeat.
Technicaly i would not give it a chance.
This is world record if someone asks.
Yes, by my end 2-3 days before very fall yes.
40.000 billion usd short on stocks?
Who can do that?
I guess no one so far but me @DLavrov
DON'T BUY ON TOP, DONT BE NAIVE.
It's not gamble.
I would take it if thinking of it as " false positive' or whatsoever.
Just, shared my view 3 days before manifest.
Some say it's impossible to predict timeframe, but, as you saw above...
Don't get me wrong buddy, we are here to make money.
I don't mind who right or wrong, but just adding my view on things since moves will be " techtonical", not seen before (as drop on Jan.30 above provied.
It's all about interpretaion.
I never provded pipe dreams.
Just...that' my model, we will see.