S&P 500
Long

SPX is facing bullish pressure from pivot

242
Price is facing bullish pressure from our pivot, which is in line with our graphical swing low support, 100% Fibonacci extension and 38.2% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 3683.3 with 1st resistance at 3750.1 as a possible target. Failure to hold above pivot at 3683.3 would see price swing the other way towards 1st support at 3647.0. Price is also above 100 EMA as well.

Pivot: 3683.3
Supporting Points:
graphical swing low support, 100% Fibonacci extension and 38.2% Fibonacci retracement

1st Support: 3647.0
Supporting Points:
Graphical overlap support, 38.2% Fibonacci retracement, 78.6% Fibonacci extension

1st Resistance: 3750.1
Supporting Points:
127.2% Fibonacci extension
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