The S&P 500 index is a widely followed stock market index that represents the performance of the 500 largest publicly traded companies in the US. The US500 index reflects the overall health and direction of the US stock market. On the H4 timeframe, the US500 index has been trending upwards. Looking at the last candles, we can see that the price has been consistently making higher highs and higher lows, indicating a strong upward momentum. The recent candles have also shown increasing volume, which confirms the strength of the move. The price has broken above the previous resistance level, and…

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