US500-S&P 500 (GSPC, INX, SPX)
, 1 hour
short
#Technical
#Bearish
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.
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