SPX500USD H4 | Bullish bounce off 50% fibo?

TitleSPX500USD H4 | Bullish bounce off 50% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 4443.1, which is an overlap support and at the 50% fibo retracement. If price bounces from the pivot point, then we can see price rise towards the 1st resistance at 4477.1, which is a pullback resistance and at the 38.2% fibo retracement.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support level at 4423.4, which is an overlap support 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.