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.