S&P 500 INDEX (RANGE MOVEMENT)

Hello Everyone there is the S&P 500 Index
SPX500USD Outlook

As long as the price trades under 4605 will stable at the bearish zone

There are two scenarios for the SPx Index:
First Scenario:
breaking 4605 by closing the 4h candles, will remain a bullish trend to the next resistance which is located at 4649

Second Scenario:
as long as the price trades under 4580 and 4605 will support falling to get 4526, and to continue the bearish trend should break 4494


Pivot line: 4580
Resistance Prices: 4603 & 4632 & 4649
Support Prices: 4526 & 4494 & 4442

The movement range will be between 4605 and 4494