Close view 15min chart. Moving sideways staying above 1180(23,6% Fibo) and working out the overbought conditions, or retrace to support levels which match the Fibo retracement levels. EMA50 on the hourly chart is at 1170(38,2% Fibo). I will not be surprised if SP500 pull back to this level.
Its difficult to say which scenario will play out.
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