Tickmill
Short

SPX reverse off horizontal swing high resistance

TVC:SPX   S&P 500 Index
SPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support.
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This analysis is provided as general market commentary and does not constitute investment advice.

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