S&P 500 Index
Long

SPX approaching support, potential bounce!

44
SPX is approaching our first support at 2678 (horizontal swing low support, 61.8%, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 2791.8 (horizontal overlap resistance, 100% Fibonacci extension). Stochastic (55,5,3) is seeing a bullish divergence and also approaching support we might see a corresponding rise in price should it bounce off this level.

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