SPX to continue in the upward move?

SPX500USD - 24h expiry


Continued upward momentum from 5544 resulted in the pair posting net daily gains yesterday.
5 positive daily performances in succession.
The 261.8% Fibonacci extension is located at 5728 from 5094 to 5336.
The previous swing high is located at 5680.
Further upside is expected although we prefer to set longs at our bespoke support levels at 5566, resulting in improved risk/reward.

We look to Buy at 5566 (stop at 5526)
Our profit targets will be 5680 and 5728

Resistance: 5636 / 5680 / 5728
Support: 5566 / 5470 / 5440

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