SPX is approaching its support at 2837.1 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching resistance where a drop could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results