SPX500 approaching resistance, potential reversal!
SPX500 is approaching its resistance at 2802 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizotnal swing high resistance) where a potential reversal might occur, causing price to fall to its support at 2675 (horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
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