SPX Rare buy signal 💎📈

Hello, good day traders! 👋🤙

📰Fundamentally,

An extremely rare signal flashed in the stock market on Tuesday, suggesting big gains ahead.

That's according to Fundstrat's Tom Lee, who highlighted a surge in the put-to-call ratio despite a jump in the S&P 500.

Since 1997, there have been only three instances when the put-to-call ratio surged above 1.0 on the same day stocks jumped 1%

🤔On the technical front,

1.) Looking at the H4 chart, price tapped into my buy entry at 4031.44, where the 61.8% Fibonacci line is located.

2.) I have a pretty safe stop loss set at 3907.07, where the 50% Fibonacci line and previous low is.

3.) I am looking to take profit at 4177.51 where the 78.6% Fibonacci line is located.

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Buy Entry: 4031.44📈

Take Profit: 4177.51 💲

Stop Loss: 3907.07❌

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