SPX Potential bullish momentum
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 our buy entry at 4114.650 where the pullback support is to the take profit at 4177.510 where the swing high resistance and 100% fibonacci projection are. Alternatively, price could break entry structure and drop to stop loss at 4012.440 where the pullback support and 23.6% fibonacci retracement are.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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