Chart of the Day -SPX- (Nov. 8th 2018)

13th November 2018 Off By binary
Chart of the Day -SPX- (Nov. 8th 2018)

The SPX has paused at the 61.8% Fibonacci Level on the most recent bounce.

The SPX bounce may have run its course after we completed an AB=CD formation and bounced 3 weeks ago. The SPX also has horizontal resistance near current levels from Mid October which may also act as overhead resistance as well near term. Support on the way down may be found at the 200dma at the 2760 level en the event we get a near term reversal lower.” alt=”” title=”spx” itemprop=”contentURL”>

Blake Morrow

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