S&P 500

By Mariya Markova

US500-S&P 500 (GSPC, INX, SPX)

, 1 hour

short

#Technical

#Bearish

Range

Resistance 1 5180.0
Quote Price 5123.40
Support 1 5104.72
Support 2 5057.57

On the 1 hour chart, we can see that besides the resistance and the moving average, the sellers will also find the 61.8% Fibonacci retracement level adding some extra confluence around the 5180 level. Given the news of de-escalation, we might indeed get some risk on flows today and push towards those levels.