SPXUSD approaching resistance, potential drop! SPXUSD is approaching our first resistance at 2819.7 (78.6% fibonacci retracement, horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down our first support at 2704.2 (horizontal pullback support, 23.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
