The S&P 500 index on the M15 timeframe shows a strong bullish breakout following a consolidation phase. The recent low at 7315.09 acted as a critical support level, with a significant volume spike confirming the reversal. Price closed above this level, indicating strong buying interest. The subsequent candle opened at 7366.24, forming a bullish engulfing pattern as the high reached 7372.99, which is above the prior consolidation range. This suggests a shift in momentum toward the upside. The current setup favors further upward movement, with the next key resistance likely near the prior high of 7391.31. The breakout from 7315.09…

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