- SPX has done the 78.6% Fib retrace for the fall from 1356 to 1295 levels.
- If the Trend line and the Cloud gives support 1356 level is possible soon.
- Price breaking below the trend line or cloud will be negative.
- Steep rise in price may give a buy on dip chance which can take price higher.
- If 78.6% Acts as stiff resistance then a 100% Reversal to 1356 may get delayed.
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