S&P 500 Index
Long

SPX approaching support, potential bounce!

276
SPX is approaching our first support at 2591 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 2709 (horizontal pullback resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we are seeing a bullish divergence where we might see a corresponding bounce in price.

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