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Friday, May 1, 2020

TA Update of S&P 500 - 30 Apr 2020



TA Update of S&P 500 - 30 Apr 2020


S&P 500 nicely hit a speed bump at Fibonacci 61.8 level.
 

This is an interesting point to watch now on how is market going to choose its direction, to continue its upwards match and then go on to make a new high or take a U-turn? 
 
Strong resistances above 3000.
Important support level around 2736.

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