Title
SPX500 H4 | Bullish bounce

Type
Bullish Bounce

Preference:
The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at 5038.6, the multi-swing high resistance.

Alternative scenario:
Price might break below the pivot and fall to the 1st support at 4906.53, the overlap support.

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