SPX500USD H4 | Bullish bounce off 61.8% fibo?

TitleSPX500USD H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price is approaching our pivot point at 4458.6, which is a pullback support level, and aligning with the 61.8% fibo retracement. If price bounces off our pivot, then price could rise to the 1st resistance at 4503, and aligning with the 61.8% fibo projection.Alternative scenario:If price breaks below the pivot, then price could fall to the 1st support at 4441.8, 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.