S&P 500 E-mini ( ES1! ), H4 Potential for Bullish Momentum
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. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance line at 4173.25 where the 78.6% Fibonacci Fibonacci line is located.
Alternative scenario: Price may go back up down to retest the pivot line at 3913.25, where the 50% Fibonacci line is located.
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. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance line at 4173.25 where the 78.6% Fibonacci Fibonacci line is located.
Alternative scenario: Price may go back up down to retest the pivot line at 3913.25, where the 50% Fibonacci line is located.
Fundamentals: There are no major news.
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