Above 7500, ATH Is Back in Play

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Above 7500, ATH Is Back in PlayUS SPX 500OANDA:SPX500USDinchartswetrustHi everyone!πŸŒ΄β˜€οΈ Today’s SPX update will be a short one, as the overall outlook from my previous post remains unchanged. After price did everything it could to find support at the 4H EMA 200 (7470), the bulls finally managed to push it away from the moving average. SPX is now attempting to establish support around 7500, where the 4H EMA 100 is currently located. 🐻πŸͺ“ Besides the 4H EMA 100, it’s also worth highlighting the newly formed local horizontal support at 7440. If the 4H EMA 200 (7470) is broken with strong bearish momentum, 7440 level could become the next key support before a potential move lower toward: - 7300 β€” Local horizontal support - 7200 β€” Area of the 1D EMA 100 - 7000 β€” Previous all-time high πŸ¦¬πŸš€ The bullish scenario remains unchanged. As I mentioned previously, if SPX manages to hold above 7555, I expect the move to accelerate toward the all-time high at 7625. Peace πŸŒ„ ⚠️ Disclaimer: All information shared on this channel is for educational and informational purposes only and is not investment advice. The author is not responsible for your trading decisions. Always manage your risks and make decisions independently.