S&P500 INDEX (US/500): Your Trading Plan ExplainedUS SPX 500OANDA:SPX500USDlinofx1The ⚠️S&P500 index is currently testing a horizontal structure that was recently breached. It is highly probable that this level has now become support. For a confirmed buying opportunity, please observe the formation of a double bottom pattern on the 4-hour chart. Should the price break and close above 7521, this would provide strong bullish confirmation. In such a scenario, the market is anticipated to advance to at least the 7584 level. Conversely, if the price declines and establishes a new lower low, this trading setup would no longer be valid.