Way of the SPX 500
Symbols: $SPX, SPX 500 Index
In the last session the Index oscillated between Fibonacci levels 1105.37 and 1093.44 . The formation of another Spinning Top candlestick in the position of an Evening Star is confirmation that the Index will undergo a modest reversal. The retracement, if normal, should test the level 1087 and perhaps 1076.
The calculated support levels are 1093.09 - 1087.67 and 1076.11 .
Updated Resistance and Support data is as follows:
RESISTANCE
- WR4- 1183.02
- WR3- 1140.92
- MR2- 1133.91
- DR4- 1133.91
- DR3- 1122.35
- DR2- 1110.79
- DR1- 1104.65
- WR2- 1098.82
SUPPORT
- DS1- 1093.09
- DS2- 1087.67
- DS3- 1076.11
- DS4- 1064.55
- WS1- 1041.96
- WS2-1014.62
- MS1- 1003.64
- WS3- 972.52
- WS4- 930.42
DEFINITIONS
- DR-WR-MR
- Daily Resistance- Weekly Resistance- Monthly Resistance Levels
- DS-WS-MS
- Daily Support- Weekly Support- Monthly Support Levels
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