SPX500USD H4 | Potential bullish bounce after pullback

TitleSPX500USD H4 | Potential bullish bounce after pullbackTypeBullish BouncePreference:Price could fall towards the pivot point of 4452.48 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 4500.81 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 4421.48 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.