TitleSPX500 H4 | Bullish bounceTypeBullish BouncePreference:The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at 5038.6, the multi-swing high resistance.Alternative scenario:Price might break below the pivot and fall to the 1st support at 4906.53, the overlap support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
