S&P 500 Futures (ES1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 3726.25
Pivot: 3577.00
Support: 3350.25
Preferred case: Prices of S&P500 has been on a descending trend signaling strong bearish momentum. We're looking at potential for pivot at 3577 levels to move further down to support at 3350.25 where the 161.8% extension sit
Alternative scenario: Price may go back up retest the 1st resistance 3726.25 where the previous swing low and 23.6% retracement sits
Fundamentals: There are no major news.
Resistance: 3726.25
Pivot: 3577.00
Support: 3350.25
Preferred case: Prices of S&P500 has been on a descending trend signaling strong bearish momentum. We're looking at potential for pivot at 3577 levels to move further down to support at 3350.25 where the 161.8% extension sit
Alternative scenario: Price may go back up retest the 1st resistance 3726.25 where the previous swing low and 23.6% retracement sits
Fundamentals: There are no major news.
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