Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4037.50
Pivot: 3966.50
Support: 3788.50
Preferred case: Looking at the H4 chart, my overall bias for SPX is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price has also broken down and out of the ascending channel . If this bearish momentum continues, expect price to continue heading towards the support at 3788.50, where the previous swing low is.
Alternative scenario: Price could head back up to retest the pivot at 3966.50, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 4037.50
Pivot: 3966.50
Support: 3788.50
Preferred case: Looking at the H4 chart, my overall bias for SPX is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price has also broken down and out of the ascending channel . If this bearish momentum continues, expect price to continue heading towards the support at 3788.50, where the previous swing low is.
Alternative scenario: Price could head back up to retest the pivot at 3966.50, where the 23.6% Fibonacci line is.
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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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。