Can Bulls Clear 7555?US SPX 500OANDA:SPX500USDinchartswetrustHi everyone!🌴☀️ Yesterday I published a detailed SPX analysis where I mentioned: "Given the current technical structure, I believe the most likely scenario is a continuation toward the all-time high at 7625, provided the U.S.–Iran conflict does not escalate further and instead remains stable or gradually de-escalates." ✅So far, that's exactly what we're seeing, as the market continues to move confidently toward the ATH. ❗️As a follow-up to yesterday's post, I'd like to draw your attention to the market's reaction (highlighted by the red arrows) to the local resistance level at 7555 on the 4H timeframe. I consider this level to be the key factor in determining the next move. 📈💎If SPX breaks above 7555 and manages to hold that level, clearing the all-time high at 7625 should not be a major challenge. In that case, the path toward the next target at 7950 opens up. 📉🧨However, if price gets rejected at 7555 once again or forms another false breakout, there's a high probability we'll see a move back toward the 7450–7500 area, where the 100 EMA and 200 EMA on the 4H timeframe are currently located. If those moving averages are broken with strong momentum, the next key support levels become: 🪓 7300 — Local horizontal support. 🪓 7200 — Area of the 100 EMA (1D). 🪓 7000 — Previous ATH. Peace, everyone! 🌄