FlowState
Short

SHORT S&P approaching resistance, potential drop!

SPCFD:SPX   S&P 500 Index
S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)

Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
I learnt to separate the 4 voices: The analyst (like-minded calibrator), the trader (seeks opportunity), the gambler (wants the thrill), the devil (not good enough). The analyst + trader the ones keeping me in the right path.

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