Title:

S&P500 H4 Breaking through 1st Resistance?

Type
Bullish Bounce

Preference:
The current price is between the pivot line, at 4535.74, which is overlap support, and the 1st resistance at 4568.86, a pullback resistance. Price could bounce off the pivot and reach the 1st resistance.

Alternative scenario:
The current price will break through the pivot and fall to the 1st support level, at 4465.32 which is a pullback support.

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