S&P 500 H4 | Falling to support level?

Title:S&P 500 H4 | Falling to support level?TypeBearish ReversalPreference:The price is falling from our pivot point of 4599.10, a pullback resistance. The fall off from this price could lead to the price falling to the 1st support level at 4527.17, an overlap support.Alternative scenario:The price could break through our pivot point of 4599.10 and rise towards the 1st resistance level at 4608.78, a swing-high resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.