SPX approaching resistance, potential drop!

٢٧ ديسمبر ٢٠١٨

SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2375 (61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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