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: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. If the bullish momentum continues, price may move towards the 4173.25 resistance level, which is marked by the 78.6% Fibonacci Fibonacci line.
Alternative scenario: Price may fall back down to retest the pivot line at 3913.25, which is where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. If the bullish momentum continues, price may move towards the 4173.25 resistance level, which is marked by the 78.6% Fibonacci Fibonacci line.
Alternative scenario: Price may fall back down to retest the pivot line at 3913.25, which is where the 50% Fibonacci line is.
Fundamentals: There are no major news.
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