SP500 — Another Rejection?S&P Index Cash CFD (USD)VANTAGE:SP500TheZimpact🔱 The S&P 500 has recovered strongly from the recent lows after bouncing from the kink zone and reclaiming the bullish structure. Price is now back at the key resistance zone, where sellers have previously stepped in. The current reaction around this area could determine whether the recovery continues or price returns toward the lower structure. 🏆 Previously: 📈 Bullish scenario The recent recovery has been strong, with price moving sharply higher from the lower zone and reclaiming the previous range. The Dynamic SR has also shifted into a supportive structure, while price is now testing the major resistance zone. If buyers break and hold above this zone, the next upside expansion could begin. Resistance breakout → bullish continuation → higher expansion. 📉 Bearish scenario Price is currently facing resistance after the strong recovery. If the zone rejects price and sellers regain control, the market could rotate back toward the kink area. A breakdown below that support would increase the probability of a deeper retracement toward the lower zones. Zone rejection → kink breakdown → deeper downside. 🎯 Outlook The S&P 500 is at an important decision point. The recovery remains bullish while price holds above the key structural support, but buyers still need to clear the current resistance zone to confirm another leg higher. Hold the structure → bullish momentum remains intact. Break the resistance → further upside opens up. Lose the kink → deeper downside becomes likely. Recovery → resistance test → breakout watch.