S&P at breakout areaE-mini S&P 500 FuturesCME_MINI:ES1!alghss0mOn the 4H timeframe, ES / S&P 500 futures are currently testing an important breakout area after a short-term shift in structure. After price failed to break above the previous major high around the 7820-7835 area, momentum started to weaken and the market formed a lower high. From there, price moved lower and broke structure to the downside, confirming that the short-term 4H bias has turned corrective/bearish. Price then continued down toward the marked green support zone around 7655-7665, where buyers reacted and pushed the market higher. After that reaction, price created an internal change of character and is now retesting the previous breakout area around 7720-7750. For now, this zone is the key area I am watching. If price rejects from this breakout area and fails to hold above it, I will continue to treat the 4H structure as bearish, with possible downside back toward 7680 and then the green support zone. However, if price closes and holds above 7750-7760, the bearish scenario becomes weaker, and price may try to continue higher toward the upper supply area around 7785-7800. I use the 4H timeframe mainly to understand the overall direction and market structure. After identifying the key zones, I then move to lower timeframes to look for cleaner entry opportunities and confirmation. Overall, price is at a decision area. A rejection here supports the bearish continuation idea, while a strong reclaim above the zone would shift the short-term outlook back to neutral or bullish. **** This is not financial advice. I’m only sharing my personal view and the key levels I’m watching. ****