SPXUSD is approaching our first resistance at 2534.1 (horizontal pullback resistance, 100% fibonacci extension, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 2344.0 (horizontal swing low support).
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
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