🔥 On the 1H chart, SPX remains above the MA(25) around $0.501 and MA(99) around $0.468, keeping the broader short-term structure bullish.
The key zone now is $0.500–$0.515.
If price pulls back into this area, holds support, and buyers step back in, SPX could attempt another move toward the recent $0.551 high.
A clean breakout above $0.551 could open the door toward $0.58.
⚠️ If SPX loses $0.485 with strong selling pressure, the bullish setup is invalid and a deeper retracement could follow.
🔥 The breakout happened. Now we're waiting to see if bulls can build the next leg.
Trade with a plan and manage your risk.
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