Get started
Genesiv

S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop

Short
S&P 500 E-mini Futures (CME_MINI:ES1!)  
Genesiv  
CME_MINI:ES1!   S&P 500 E-mini Futures
Chart Patterns Trend Analysis Technical Indicators S&P 500 E-Mini Futures SPX (S&P 500 Index) 500 Forex fx futures
3
0
chartpattern trendanalysis indicator es1! spx 500 forex fx futures
Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4168.50
Pivot: 4072.75
Support: 3915.00

Preferred case: Looking at the H4 chart, my overall bias for SPXis bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Expecting price to drop towards the support at 3915.00, which is the overlap support.


Alternative scenario: Price could head back up towards the resistance at 4168.50, where the recent high is.

Fundamentals: There are no major news.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.