SHORT S&P approaching resistance, potential drop!

2019年2月15日

S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)

Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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