Signal US500 Buy — H1 - June 24, 2026 00:39 GMT-4
The S&P 500 (US500) H1 chart reveals a consolidation phase following a prolonged downtrend, with price oscillating between 7380 and 7416 since 2026-06-19. The most recent candle closed at 7380.64, testing support at 7380, but the breakout above 7416 on high volume (11386) signals renewed bullish momentum. The entry level at 7398.64 aligns with the upper boundary of this range, where buying pressure has intensified, suggesting a potential reversal. The SL at 7320.55 is placed well below the recent low of 7371.09, providing a clear risk-reward ratio. The TP at 7483.28 targets a key psychological level and previous resistance area,…