S&P500: Buying Opportunity at 3400$ Support

OANDA:SPX500USD   S&P 500 Index
What do you think about such a long trade? The price bounced from a support zone formed by 3400$ and SMA200. If the price can break the local downtrend line, it will be another bullish signal.
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.

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Mr @DLavrov I would suggest to re evaluate your attitude regarding current direction and point people in the RIGHT ONE and that's a DROP.

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


+3 Reply
poister198 milanjelic
@milanjelic, thats not trading, thats playing a casino game. Have fun burning your pockets if you bet that a crash is happening again in Q42020.
milanjelic poister198
@poister198, Everything i have ever published in past nearly 4 years is transpernt and that's 61 idea.

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.
+1 Reply
DLavrov milanjelic
@milanjelic, my strategy gives a bullish signal and I won't change the direction. You have no ideas where the market will be in several days and weeks, the same goes about me and any other trader and expert. We can only predict possible market movements. If so, you also can be wrong with your bearish model as I can be wrong with my bullish model. It doesn't matter. What is important, we have to follow our trading plan.
milanjelic DLavrov
@DLavrov, It certanly my bearish model is right, 83.000 people following you will got burnt.

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.

+1 Reply
Thanks for sharing. We should see the retest of the 3500. I'm net long on my portfolio.

Following the trends gives the best chance of success long-term.
Nice! Would wait for more dips tomorrow to confirm a descending wedge to buy in, TP 3600 range by end of year!
Is it possible for the falling wedge in 1H?
DLavrov RyodaBrainless
@RyodaBrainless, as a bullish pattern it is possible.
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