FlowState

S&P Testing Support, Prepare For A Bounce

Long
SP:SPX   S&P 500 Index
S&P is approaching our first support at 2687.75 (horizontal overlap support, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 2790.51 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance).
Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.

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