The S&P 500 index on H4 timeframe shows a strong bullish setup. Recent candles have formed higher highs and higher lows, indicating a sustained uptrend. The last three candles closed above 7450, with a key high at 7478.74 (May 22) and a close near 7474.74, creating a bullish engulfing pattern. Volume has remained elevated, with the most recent candle (7474.74) showing robust participation, confirming the strength of the upward momentum. The price is now consolidating near the recent high, with the close at 7475.29 aligning with the upper boundary of this consolidation. Key support at 7389.07 (previous low) acts as…

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