The US500 contract hit a new historic peak today, but a slight pullback continues after the session starts
Wall Street indices record a slight retraction at the beginning of the session, amid very good session in Europe. US indices behave very similar to their Asian counterparts. In turn, yesterday increases on Wall Street were phenomenal. The gains in Europe are probably catching up with yesterday's "losses" related to the close of the markets. Still, today's Wall Street pullback is minimal, and for the US500 it is a pullback from historic highs around 3,065 points. Nevertheless, the losses were largely recovered in the first minutes of trading on Wall Street.
The nearest support lies at the lower limit of the uptrend channel. Meanwhile the major support is marked with the 127.2. Fibonacci retracement. On the other hand, the nearest resistance is marked with the 200.0 retracement of the recent pullback. Source: xStation5
