S&P 500 H4 | Falling to support level?
Title
S&P 500 H4 | Falling to support level?
Type
Bearish Reversal
Preference:
The price could fall to our support level at 4537.68, multi-swing low support from our pivot point at 4598.58, a pullback resistance.
Alternative scenario:
The price could break through the pivot point at 4537.68 and rise to our resistance level at 4608.51, a swing-high resistance level.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.