S&P500 INDEX (US/500): Your Trading Plan Explained

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The ⚠️S&P500 index is currently testing a horizontal structure that was recently breached. It is highly probable that this level has now become support.

For a confirmed buying opportunity, please observe the formation of a double bottom pattern on the 4-hour chart.

Should the price break and close above 7521, this would provide strong bullish confirmation.

In such a scenario, the market is anticipated to advance to at least the 7584 level.

Conversely, if the price declines and establishes a new lower low, this trading setup would no longer be valid.

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