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Short

SPXUSD approaching resistance, potential drop!

FOREXCOM:SPXUSD   US SP 500 CFD
SPXUSD is approaching our first resistance at 2631.0 (horizontal pullback resistance, 50% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 2521.30 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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