SP500 TECHNICAL ANALYSIS 30 MINUTE TIME FRAME S&P Index Cash CFD (USD)VANTAGE:SP500AliSMA25📊 Technical Analysis – SP500 CFD (30-Minute Chart) ✅ 1. Overall Market Trend: The market is currently in a range-bound structure after a sharp upward move toward the 6,296 level. Price entered a clear supply zone and reversed sharply. Multiple BOS (Break of Structure) and CHoCH (Change of Character) events indicate clear shifts in price behavior. 📌 2. Key Structure Zones: 🟩 Demand Zones: 6,240–6,250: First active demand zone — could trigger bullish reactions. 6,180–6,200: Deeper liquidity zone within the Discount area, ideal for long setups if tested. Price is approaching equilibrium and preparing for a potential reaction. 🟥 Supply Zones: 6,290–6,300: This premium zone caused the recent rejection and is currently acting as short-term resistance. 📈 3. Price Action & Candles: Price created a rising wedge near the highs, which broke down. Strong bearish candles followed, breaking key short-term structure levels. Price is now heading into the equilibrium zone and testing demand. 📌 4. Possible Scenarios: 🔻 If Price Falls: Watch for a reaction at the 6,240–6,250 demand zone. If this area breaks, the next downside target is 6,180–6,200 — a high-probability liquidity zone. 🔺 If Price Rebounds: A bullish reaction from the current zone could send price back toward 6,270+. A confirmed break of 6,296 would open the door to higher highs. 🧠 Summary Table: ConditionAnalysis Current StatusIn corrective phase after bullish impulse Short-Term TrendBearish structure active (BOS, CHoCH present) Key Support6,245 → 6,180 Key Resistance6,290–6,300 Buy OpportunityBullish confirmation at demand zones Sell OpportunityWeak reactions or breakdowns below BOS ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a buy/sell signal. Always trade based on your personal strategy and risk management plan. SP500