S&P500 Buy Signal (long-term)

OANDA:SPX500USD   S&P 500 Index
Pattern: Channel Up on 1D.

Signal: Buy as the price reached the 0.618 Fibonacci retracement level from its previous bottom.

Target: 3590 medium-term (Resistance) and for long-term traders 3900 (+21.90% rise from this bottom).

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Great analysis, we have a similar vision on this pair! Upvoted
There are many black swan events such as a contested election, COVID, China, stimulus package concerns, are you kidding me dude?
AF_D daniel73868
@daniel73868 I think you misunderstand the term “black swan”. All those things are known quantities and priced in to a degree in markets. Black swan refers to shocks to the system that catch everyone off guard. This market will rise only after extreme pessimism sets in.
Keep it up
Yes. Makes sense.
Keep up the good work
Good analysis!
I think you nailed it with this one. FUD is spread to the public at bottoms, not tops. This is for buying.
As long as it holds 50 day EMA, it can rise!
Trendtarda Grandmaster76
@Grandmaster76 gone through 50day ema 3 days ago ?
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