S&P 500 E-mini Futures (CMEMINI:ES1!), H4 Potential For Bullish Momentum

40429 sp 500 e mini futures cmeminies1 h4 potential for bullish momentum

Type: Bullish RiseKey Levels:Resistance: 4293.75Pivot: 4086.25Support: 3962.5Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 4086.25 in line with the overlap support to the overlap resistance at 4293.75 in line with the 61.8% fibonacci projection.Alternative Scenario:Alternatively, price may reverse off the pivot and head for the support at 3962.5 in line with the 78.6% fibonacci projection .Fundamentals:No major news

Source: Tickmill

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