S&P 500: US500 H4 Pressures Trendline SupportS&P 500 SPOTCFI:US500CFIThe S&P 500 (US500) continues to trade within an ascending channel, with price forming higher highs and higher lows. This structure reflects a sustained upward trend over the recent period. Pullback From Upper Channel Boundary Price recently approached the upper portion of the channel near 7,540–7,560 and has since pulled back slightly, with recent candles showing a loss of upward momentum. Resistance Area Limiting Upside The 7,520–7,560 region is acting as a near-term resistance zone, with price stalling after the recent push higher. This area aligns with the upper range of the current structure. Support Holding Below Current Price On the downside, the 7,380–7,400 zone remains a key support area. Both prior structure and a high-volume node on the volume profile reinforce this level. Volume Profile The volume profile highlights a strong concentration of activity around 7,380–7,420, suggesting this area represents a key value zone where price previously consolidated. Momentum The RSI has eased from higher levels back toward the 50–60 range, indicating that momentum has moderated following the recent upward move.