FlowState

SPX approaching resistance, potential drop!

Short
FOREXCOM:SPX500   Indice S&P 500
SPX is approaching our first resistance at 2792.6 (horizontal overlap resistance, 38.2% fibonacci retracement, breakout level) and a strong drop might occur below this level pushing price down to our first support at 2699.0 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price.

👉👉 Join The OFA Inner Circle:

📓📓Learn Order Flow like a PRO:
www.ofa-course.com

🧑‍🏫🧑‍🏫 Author of the #1 Order Flow Script:
www.tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis

📧📧 DM me if doubts (100% response rate)
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.