Title
SPX500USD H4 | Bearish reaction off 61.8% fibo?

Type
Bearish Reversal

Preference:

Price could rise towards our pivot point at 4493, which is a pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect price to react bearishly, and if it does, it could fall back to the 1st support at 4444.6, which is a multi-swing low support level.

Alternative scenario:

If price breaks above the pivot point, then price could rise towards the 1st resistance at 4521, which is a swing high resistance.

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