SPX forming a top?

8月30日US500 - 24h expiry

Levels above 5630 continue to attract sellers.
The 161.8% Fibonacci extension is located at 5544 from 5650 to 5585.
Bespoke support is located at 5540.
Selling spikes offers good risk/reward.
Economic figures could adversley affect the short term technical picture.

We look to Sell at 5630 (stop at 5665)
Our profit targets will be 5540 and 5470

Resistance: 5630 / 5650 / 5680
Support: 5545 / 5540 / 5470

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