Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 4203.00
Pivot: 4008.75
Support: 3818.00
Preferred case: The current bias for ES1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 4203.00, where the previous high is located.
Alternative scenario: Price may retrace downwards and head towards the 3818.00 support level , where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
Type: Bullish Momentum
Resistance: 4203.00
Pivot: 4008.75
Support: 3818.00
Preferred case: The current bias for ES1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 4203.00, where the previous high is located.
Alternative scenario: Price may retrace downwards and head towards the 3818.00 support level , where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.