$SPX is still holding a constructive 1H structure, but this one needs a little patience 👀
Price ran from 0.4446 to 0.5512 and is now pulling back. The important part is that the Supertrend remains green at 0.4864, so the broader 1H structure hasn't broken yet.
I wouldn't chase at 0.5177 after that move. A retest gives a much cleaner setup.
Entry: 0.5080 – 0.5170
SL: 0.4860
TP1: 0.5330
TP2: 0.5510
TP3: 0.5750
Levels to watch
0.5512 is the immediate resistance. A clean 1H close above it could open the way toward 0.5750.
On the downside, 0.508–0.510 is the first area I'd like to see hold. If that fails, 0.4864 becomes the key level because it lines up with the Supertrend.
The order book is slightly bid-heavy, but after a 15% daily move, I'd give more weight to the price structure than the live order book.
Bias: Bullish above 0.4864
Breakout: 0.5512
Key support: 0.508–0.510
Major invalidation: 0.4860
The setup is still decent, but the move has already done a lot of work. No need to FOMO the top candle — let the retest show its hand. 📈
Not financial advice. Manage your risk.
#SPX
Price ran from 0.4446 to 0.5512 and is now pulling back. The important part is that the Supertrend remains green at 0.4864, so the broader 1H structure hasn't broken yet.
I wouldn't chase at 0.5177 after that move. A retest gives a much cleaner setup.
Entry: 0.5080 – 0.5170
SL: 0.4860
TP1: 0.5330
TP2: 0.5510
TP3: 0.5750
Levels to watch
0.5512 is the immediate resistance. A clean 1H close above it could open the way toward 0.5750.
On the downside, 0.508–0.510 is the first area I'd like to see hold. If that fails, 0.4864 becomes the key level because it lines up with the Supertrend.
The order book is slightly bid-heavy, but after a 15% daily move, I'd give more weight to the price structure than the live order book.
Bias: Bullish above 0.4864
Breakout: 0.5512
Key support: 0.508–0.510
Major invalidation: 0.4860
The setup is still decent, but the move has already done a lot of work. No need to FOMO the top candle — let the retest show its hand. 📈
Not financial advice. Manage your risk.
#SPX
