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: 4180.00
Pivot: 3906.75
Support: 3788.50
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 4180.00, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 3906.75, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 4180.00
Pivot: 3906.75
Support: 3788.50
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 4180.00, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 3906.75, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
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