FlowState

SPX Approaching Support, Prepare For A Drop

Long
TVC:SPX   S&P 500 Index

SPX is approaching its support at 2801.6 ( 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 support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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