S&P500 testing strong resistance, watch for a potential drop!
S&P500 is testing major resistance at 2741 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 2679 (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (55,5,3) is also seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also seeing major resistance at 97% where a corresponding reaction could occur.
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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