SP500 15M CHART PATTERN

Aug 9

📊 The SP500 15-minute chart is approaching a critical decision zone around 7,750, which remains the key level for the next directional move. 🟢 Holding above 7,750 would keep the short-term structure bullish and support a continuation toward the bullish target at 7,802.

Buyers need to defend this level and maintain momentum for the upside scenario to remain valid. 🚀 A sustained move higher could attract additional buying and strengthen the recovery structure visible on the chart. 🔴 On the other hand, holding below 7,750 would weaken the bullish setup and increase the probability of a decline toward the bearish target at 7,708. Traders should closely monitor price action, candle closes, and rejection or acceptance around this pivot.

⚠️ Overall, 7,750 is the main trigger: above it favors 7,802, while below it favors 7,708. Risk management remains essential because volatility can increase sharply around this important support and resistance area.

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Aug 10

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