Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Expecting price to continue heading towards the resistance at 4180.00, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 3906.75, where the 50% Fibonacci line is.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.