US500 - Can S&P Pass Critical Ratio / Liquidity ZoneUS 500 IndexPEPPERSTONE:US500dRends35S&P (Pepperstone CFD) Price has popped above the 1.618 extension, which is a key ratio zone. A bearish whipsaw in this area could be dangerous. However, if price continues to push through this level, it signals that S&P is entering a very bullish phase. The area above prior ATH resistance holds high liquidity. If price moves beyond this ratio band, it will signal that a reversal in this zone is unlikely. That said, if it’s still in this band when Trump tariffs are reinstated potentially on 1 August, then this is looking dangerous 🧐. (Fib trendlines lower in the chart). This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.