The S&P 500 (US500) on H4 timeframe shows a bullish breakout from a consolidation phase. Recent candles have formed a rising channel with key support at 7350.53 and resistance near 7443.71. The close at 7422.89 (1779307200) broke above the prior high, signaling strong buying momentum. Volume spikes to 20429 during this rally, confirming the validity of the breakout. The price action suggests a continuation of the uptrend, with the high of the current candle (7436.64) acting as a psychological barrier. Bulls are likely to push higher toward the TP level of 7581.18, which aligns with the ascending trendline and previous…

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