US500 continues to trade around the all time highs.

10月21日

SPX500USD - 24H EXPIRY

Price action continues to trade around the all-time highs.
Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day.
The 261.8% Fibonacci extension is located at 5901 from 5682 to 5766.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
Reverse trend line resistance comes in at 5898.

We look to Buy at 5848 (stop at 5823)
Our profit targets will be 5898 and 5905

Resistance: 5892 / 5898 / 5901
Support: 5848 / 5770 / 5766

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