- SPY Four hour chart with Fibonacci levels for the rise from 126.19 to 135.70
- Price has taken support near 78.6% Fib level for the above mentioned level.
- Price closing above this level may stop a larger correction from happening.
- But price has broken below the cloud in this time frame. So cloud will act as resistance until it is broken. Bigger up move will happen only when price breaks and closes above the cloud.
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