US500: Reclaiming EMA 200—Watching 7,489.00 for Structure ShiftUSA S&P 500 IndexICMARKETS:US500LIVERMORE333【US500 4H】Reclaiming EMA 200—Watching the Critical 7,489.00 Pivot US500 has staged a strong rally, reclaiming the 4H EMA 200 (red line). While the primary trend and overall structure technically remain bearish, the conviction of the "bearish edge" has begun to waver following last night's bullish price action. The key level to watch is the immediate structural resistance at 7,489.00. A decisive break above this level on a candle body close would signal an invalidation of the current bearish structure, significantly increasing the probability of a full trend reversal. Currently, the price is sitting in a highly ambiguous zone just below resistance. Chasing longs here carries high risk, yet blindly shorting against such strong momentum is equally dangerous. I am moving into "wait-and-see" mode to observe the reaction at 7,489.00 and confirm whether the structure holds or breaks. #US500 #SP500