theforexportal
Short

Potential 2486 Fibonacci top on SPX500

SPCFD:SPX   S&P 500 Index
Some months ago I suggested that there could be sellers of the SPX500 at 2486 (area).
This was a technical suggestion based on a Fib. projection as shown.
We are edging ever closer to this level.
It seems highly likely we'll see a move away from this highly significant level but whether we see a mini collapse in the index remains to be seen.
RSI studies are stretched on the monthly time frame.
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