• SPX500 testing resistance, potential reversal!

    SPX500 is testing its resistance at 2739 (76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse, causing price to fall to its major support at 2679 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries […]