S&P 500 Futures (ES1!) H4 | Bullish Continuation?
Type:
Bullish Reversal
Key Levels:
Resistance: 5,739.50
Pivot: 5,616.25
Support: 5,512.50
Preferred Case:
Looking at the H4 chart, the price could fall towards a pullback support and potentially bounce toward the 1st Resistance at 5,739.50
Alternative Scenario:
Price may break above the Pivot at 5,616.25 and fall toward the 1st Support at 5,512.50
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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.