SPX500 testing support, potential bounce!
SPX500 is testing our first support at 2594 (100% Fibonacci extension , Horizontal swing low support, 78.6% fibonacci retracement ) and a strong bounce might occur above this level pushing price up to our major resistance at 2814 (100% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement , Horizontal swing high resistance).
Stochastic (89,5,3) is also testing support and we might see a corresponding bounce in price should it react off this level.
Stochastic (89,5,3) is also testing support and we might see a corresponding bounce in price should it react off this level.
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