US500: Minor Bearish BOS and the Trendline Resistance TestUSA S&P 500 IndexICMARKETS:US500LIVERMORE333Analysis: Pullback Phase Following Structure Break US500 is currently in a pullback phase after a minor Bearish BOS (Break of Structure). Unlike JP225, the price deviation from major EMAs is not extreme. However, this is common for smaller structure breaks and often results in more volatile, choppy price action within a narrow range. 1. Target Zone (Yellow Circle) The immediate upside target is the confluence of the EMA 50 and 200 (yellow circle). This zone aligns closely with the descending white trendline, which has been validated by two previous touches. This area represents a major "ceiling" for the current relief rally. 2. Trading Strategy My primary focus is to monitor the price action around the trendline and the EMA cluster. A rejection or bearish reversal pattern in this zone would provide a high-probability entry for a short position (sell on rallies), staying aligned with the bearish structure. 3. Risk Note Due to the lack of significant EMA deviation, expect continued choppiness. I will wait for a clear signal at the trendline before making a move, avoiding any "FOMO" entries in the middle of this narrow range. Stay disciplined and watch the reaction at the white line. #US500 #SPX500