The S&P 500 index, represented by the US500 instrument, is a widely followed benchmark of the US stock market's performance. It tracks the daily price movements of 500 large-cap stocks listed on the New York Stock Exchange (NYSE) and NASDAQ. Looking at the H4 chart, we observe a strong bullish momentum in the US500, with a clear upward trend since the beginning of the month. The recent candles have been consistently making higher highs and higher lows, indicating a strong buying pressure. The volume has also been increasing, validating the strength of the move. The last candle shows a strong…

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