S&P 500 Futures (ES1!) H4 | Bearish Reversal Off
Type:
Bearish Drop
Key Levels:
Resistance: 6,107.5
Pivot: 5,917.75
Support: 5,731.75
Preferred Case:
Looking at the H4 chart, if price fails to hold above the pivot, we could see a bearish move toward the 1st Support at 5,731.75.
Alternative Scenario:
Price may break above the Pivot at 5,917.75 and rise toward the 1st Resistance at 6,107.5
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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.