SPX500USD approaching resistance, potential reversal!
SPX500USD is approaching resistance at 2684 (76.4% Fibonacci, 61.8% Fibonacci extension, 61.8% Fibonacci extension, horizontal overlap resistance) where price could potentially react off, causing it to fall to its support at 2622 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 2655 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
Stochastic (89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
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