S&P 500 IndexShort
SPX500USD approaching resistance, potential reversal!
SPX500USD is approaching resistance at 2684 (76.4% Fibonacci, 61.8% Fibonacci extension, 61.8% Fibonacci extension, horizontal overlap resistance) where price could potentially react off, causing it to fall to its support at 2622 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 2655 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
Stochastic (89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.