SPX500 H1: Buyers Are Defending the Short-Term Bottom Zone

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SPX500 H1: Buyers Are Defending the Short-Term Bottom ZoneUS 500CAPITALCOM:SPX500Natalie_HallSPX500 is attempting to stabilize after a strong decline from the peak area around 7,575. The price is currently trading above the key support zone at 7,455, where buying pressure has repeatedly emerged and helped the index avoid forming a new lower low. If this support zone continues to hold, SPX500 could establish a short-term bottom and extend its recovery toward the 7,500 area, followed by the main target around 7,550. However, buyers still need a clear confirmation signal, such as a strong bullish candle or the formation of a higher low structure. Entry focus: Prefer Buy setups when price retests 7,455 and shows bullish confirmation. Target: 7,550. Invalidation: A clear H1 candle close below 7,455 would indicate that the support zone has failed, increasing the possibility of further selling pressure.