SPX is approaching our first resistance at 2814 (Horizontal swing high resistance,78.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 2690 (horizontal pullback support, 23.6% & 78.6% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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