GlobalPrime
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.

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