S&P500 Breakout and Potential Retrace! US 500 IndexPEPPERSTONE:US500JoeChampionHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 7,350 zone, S&P500 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 7,350 support and resistance area. Trade safe, Joe.