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S&P500 Buy Signal (long-term)

Long
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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Comments

Great analysis, we have a similar vision on this pair! Upvoted
Reply
There are many black swan events such as a contested election, COVID, China, stimulus package concerns, are you kidding me dude?
Reply
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.
Reply
Keep it up
Reply
Yes. Makes sense.
Reply
Keep up the good work
Reply
Good analysis!
Reply
I think you nailed it with this one. FUD is spread to the public at bottoms, not tops. This is for buying.
Reply
As long as it holds 50 day EMA, it can rise!
Reply
Trendtarda Grandmaster76
@Grandmaster76 gone through 50day ema 3 days ago ?
Reply
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