FlowState
Long

SPX Approaching Support, Prepare For A Bounce

SPCFD:SPX   S&P 500 Index
SPX is approaching its support at 2767(100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support) where price is expected to bounce up to its resistance at 2814 (horizontal swing high resistance, 100% Fibonacci extension , 78.6% Fibonacci retracement ).

Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
I learnt to separate the 4 voices: The analyst (like-minded calibrator), the trader (seeks opportunity), the gambler (wants the thrill), the devil (not good enough). The analyst + trader the ones keeping me in the right path.

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