US500: Beginning of Fall?

US500, H4

On the H4, the US500, in a long-term bullish trend, reached ATH and bounced. The price fell towards the Fibonacci Golden Pocket, testing the critical support area and MA200, which makes it necessary to consider two possible scenarios.

• If the bears push the price below the 5470 support, the downside target would be 5320, corresponding to 38.2 Fibonacci;

• A rebound from support and a break of the MA200 could take the US500 back to resistance at 5675;