SPX broke resistance level, potential for further upside.

Price broke its previous resistance level and is facing bullish pressure from our ascending trend line and pivot target at 3743.10, in line with our horizontal swing low support, 50% fibonacci retracement and 78.6% fibonacci extension where we could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.

Pivot: 3743.10
Supporting Points:
Ascending trend line, horizontal swing low support, 50% fibonacci retracement and 78.6% fibonacci extension

1st Support: 3688.9
Supporting Points:
127.2% fibonacci extension and graphical swing low support

1st Resistance: 3869.4
Supporting Points:
78.6% Fibonacci extension
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