Type : Bullish Rise
Resistance : 2727.9
Pivot: 2612.6
Support : 2564.4
Preferred Case: On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise from the pivot at 2612.6 where the pullback support is to the 1st resistance at 2727.9 in line with swing high resistance and -61.8% fibonacci expansion .
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 2564.4 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are.
Fundamentals: Due to investor optimism that the Federal Reserve can achieve a soft landing for the economy, we have a bullish view for the S&P Midcap 400 index.
Resistance : 2727.9
Pivot: 2612.6
Support : 2564.4
Preferred Case: On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise from the pivot at 2612.6 where the pullback support is to the 1st resistance at 2727.9 in line with swing high resistance and -61.8% fibonacci expansion .
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 2564.4 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are.
Fundamentals: Due to investor optimism that the Federal Reserve can achieve a soft landing for the economy, we have a bullish view for the S&P Midcap 400 index.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.