SPXUSD is approaching our first support at 2868.1 (horizontal swing low support) where a breakout below this level might push price down to our second support at 2792.5 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
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