Type:
Bearish Drop

Key Levels:
Resistance:
4173.25
Pivot:
3913.25
Support:
3751.75

Preferred Case:
Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 3913.25, where the 50% Fibonacci line is.

Alternative Scenario:
Price could head back up towards the resistance at 4173.25, where the 78.6% Fibonacci line is.

Fundamentals:
There are no major news.