- SPX is trying to retrace the fall but the resistances for bulls looks strong.
- Close above 50 day moving average will help the bulls. If price is not able to go above this moving average soon then bears will try to take the price down.
- Fib level for the rise from 1173 to 1344 too shows resistance at the same level. 23.6% acting as resistance, 38.2% acting as support for now.
- BIDU TRIANGLE PATTERN
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