S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop
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.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。