Type : Bearish Drop
Resistance : 4200.75
Pivot: 4077.50
Intermediate Support: 4007.25
Support : 3948.25
Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 4077.50 where the pullback resistance, 23.6% fibonacci retracement and 61.8% fibonacci projection are to the 1st support at 3948.25 where the pullback support, 61.8% fibonacci retracement and 161.8% fibonacci extension are. Take note of intermediate support at 4007.25 where the 127.2% fibonacci extension , 100% fibonacci projection and swing low support are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 4200.75 where the overlap resistance, 78.6% fibonacci projection . 61.8% fibonacci retracement are.
Fundamentals: Due to Powell's Hawish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the S&P 500 Index .
Resistance : 4200.75
Pivot: 4077.50
Intermediate Support: 4007.25
Support : 3948.25
Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 4077.50 where the pullback resistance, 23.6% fibonacci retracement and 61.8% fibonacci projection are to the 1st support at 3948.25 where the pullback support, 61.8% fibonacci retracement and 161.8% fibonacci extension are. Take note of intermediate support at 4007.25 where the 127.2% fibonacci extension , 100% fibonacci projection and swing low support are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 4200.75 where the overlap resistance, 78.6% fibonacci projection . 61.8% fibonacci retracement are.
Fundamentals: Due to Powell's Hawish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the S&P 500 Index .
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.