Bearish Drop

Key Levels:
Resistance: 13399.43
Pivot: 12437.6
Support: 12123.93

Preferred Case:
On the H4, with the price reflecting off the 61.8% Fibonacci retracement line and the price being below ichimoku cloud, we have a bearish bias that the price may break through the pivot line and tap onto the 1st support line which is at the 78.6% Fibonacci extension line

Alternative Scenario:
Alternatively, price could back to 1297.78 where the 61.8% fibonacci retracement is.

A series of central bank meetings this week, including the Federal Reserve, which are expected to result in further monetary tightening.