SPX500 Approaching Support, Potential Bounce!

29 בנוב׳ 2018

SPX500 has bounced off its support at 2600 (100% Fibonacci extension x2, 78.6% Fibonacci retracement , horizontal swing low support) where it could potentially rise to its resistance at 2813 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance ). Stochastic (21, 5, 3) has bounced off its support at 13.9% where we might see a corresponding rise in price.