SPX near support, could possibly bounce
SPX is approaching our first support at 2772.3 (61.8% Fibonacci extension, horizontal swing low resistance, 23.6% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 2868.9 (horizontal swing high resistance, ,100%Fibonacci extension). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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