SP500 — Breakout or another rejection?

🏆The S&P 500 is once again trading inside a major resistance zone after a strong recovery from the recent demand area. Buyers are keeping the short-term trend intact, but price is now testing a level that has repeatedly limited further upside.

🔥Previously:

📈 Bullish scenario

If buyers manage to break and hold above the highlighted resistance zone, the index could extend its rally and continue toward new all-time highs. A confirmed breakout would strengthen the bullish market structure.

📉 Bearish scenario

If this resistance holds and sellers step back in, a pullback toward the highlighted liquidity area becomes the more likely scenario. As long as price remains below resistance, rejection is still a possibility.

The market is approaching another key decision point. A decisive breakout could open the door for further gains, while failure to break higher may trigger a deeper retracement before the next bullish attempt.

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