S&P 500 Futures ( ES1! ), H4 Potential for Bullish Continuation
Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 4208.50
Pivot: 4091.75
Support: 4007.50
Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 4208.50, where the recent swing high is.
Alternative scenario: Price could head back down to retest the pivot at 4091.75, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 4208.50
Pivot: 4091.75
Support: 4007.50
Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 4208.50, where the recent swing high is.
Alternative scenario: Price could head back down to retest the pivot at 4091.75, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.