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S&P 500 Index
Long

SPX Approaching Support, Prepare For A Drop

190

SPX is approaching its support at 2837.1 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching resistance where a drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Also on:
Chart PatternsHarmonic PatternssandpsandplongSPX (S&P 500 Index)Trend Analysisusequity

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsHarmonic PatternssandpsandplongSPX (S&P 500 Index)Trend Analysisusequity
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.