SPX500 approaching support, potential bounce!

2018년 11월 21일

SPX500 is approaching our first support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart) and a strong bounce might occur above this level pushing price up to our major resistance at 2683 (horizontal pullback resistance, 38.2% fibonacci retracement, 100%, 61.8% fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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