SPX500 is approaching our first resistance at 2529 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal pullback resistance) and a strong reversal might occur below this level pushing price down to our major support at 2326 (61.8% Fibonacci retracement , Horizontal swing low support).
RSI (21) is also approaching its resistance and we might see a corresponding reversal in price should it react off this level.
RSI (21) is also approaching its resistance and we might see a corresponding reversal in price should it react off this level.
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