S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Rise

Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75

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. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, where the 78.6% Fibonacci line is.

Alternative scenario: Price could head back down to retest the pivot at 3913.25, where the 50% Fibonacci line is.

Fundamentals: There are no major news.
Harmonic PatternsTrend Analysis

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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