S&P500 on major support, watch for a potential bounce!
S&P500 is testing strong 1st support at 2679 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) and a strong bounce could occur at this level to push prices all the way up to major resistance at 2737 (Fibonacci extension, horizontal swing high resistance).
RSI (55) sees major support above 36% where multiple corresponding bounces have occurred previously.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) sees major support above 36% where multiple corresponding bounces have occurred previously.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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