The S&P 500 (US500) on H4 timeframe shows a strong bullish trend with consecutive higher closes and increasing volume. The recent rally has broken above key resistance levels, including the 7475.29 high, which coincides with the entry point. Price action reveals a clear upward momentum, with the close at 7475.29 forming a bullish engulfing pattern following a consolidation phase. The volume spike on this candle (13300) confirms robust buying pressure, aligning with the breakout. Subsequent candles maintain elevated volume (21216, 14568), reinforcing the strength of the move. The recent high of 7497.36 acts as a dynamic resistance, while the prior…

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