Hellena | SPX500 (4H): LONG to the 7600 resistance area.US SPX 500OANDA:SPX500USDHellena_TradeJudging by the current structure on the S&P 500 4H chart, the market continues to develop the larger bullish red wave "(3)" after the completion of the red wave "(2)" near the lower support area. Inside this larger wave "(3)", the local wave "(1)" may have already been completed near the 7524 area, and the market is now forming an internal corrective wave "(2)". At the moment, I see a possible corrective "abc" structure. The price may still complete wave "c" toward the support area around 7289 before the next bullish move starts. However, I am mainly watching for long opportunities, as the higher-degree structure still looks bullish to me. The fundamental background also does not look strongly negative for equities at the moment: the S&P 500 has recovered after the recent pullback, while pressure from bond yields and oil prices has eased a bit. There is also an alternative scenario where the correction remains shallow and the price starts moving upward from the current levels without reaching the support zone. The main target I am watching is the 7600 resistance area. This level looks important and, in my view, can be considered the minimum upside target if the bullish scenario continues within the larger wave "(3)". Manage your capital properly and wisely! Enter trades only based on reliable patterns!