SPX500 Testing Resistance, Potential Reversal!
SPX500USD is testing its resistance at 2828 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 2790 (38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 98% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching resistance at 98% where a corresponding reversal could occur.
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