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SPX near support, could possibly bounce

Oleh Tickmill
Broker

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.
Chart PatternsHarmonic PatternsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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