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 a bullish market. If the bullish trend continues, expect price to possibly move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.
Alternative scenario: Price could head back down to retest the pivot line at 3913.25, 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 a bullish market. If the bullish trend continues, expect price to possibly move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.
Alternative scenario: Price could head back down to retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals: There are no major news.