SPX 500: Bullish Rebound to 6760?

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SPX 500: Bullish Rebound to 6760?S&P 500 Index CashFX:SPX500Master_HunterSPX500 is priming for a bullish rebound on the 4-hour chart, where price has pulled back to a critical support zone following a sharp decline, forming a potential bounce setup amid a broader uptrend—highlighted by the rebound pattern near key levels that could ignite buying if buyers defend against further downside. This confluence at the support offers a high-reward long opportunity in the index's volatile range. Entry zone between 6530-6550 for a buy position. Target at 6760 🎯near the resistance zone, delivering a risk-reward ratio greater than 1:4.Set a stop loss on a close below 6500 📊 to manage risk effectively. Watch for confirmation via a strong bullish candle with rising volume above the entry, capitalizing on the index's resilience despite recent pressures🌟. Fundamentally, the S&P 500 closed at around 6646.7 on November 19, 2025, down over 2% in November amid economic concerns and high valuations, particularly in AI stocks, with the index dipping below its 50-day moving average for the first time since April—yet historical patterns suggest a median 15% upside to 7710 over the next year if it follows median rebounds. Earnings growth remains robust at 16.9% YoY, beating estimates, supporting potential recovery despite tariff worries. 💡 📝 Trade Setup 🎯 Entry Zone (Buy): 6530 – 6550 🎯 Target: • TP: 6760 (major resistance) ❌ Stop Loss: Close below 6500 ⚖️ Risk-to-Reward: Greater than 1:4 What's your outlook on this rebound? Drop your thoughts below! 👇