$S &P500 BULLISH BREAKOUT IN SIGHT 🚀📈
The $S&P500 is currently trading at 6,005.89, showing a slight uptick of +0.09%, signaling underlying bullish momentum building up. The market structure indicates a bullish bias with higher lows forming a supportive base.
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🔍 Key Levels to Watch:
Resistance Zones:
📍 6,024.00
📍 6,032.00 (Major Breakout Level)
Support Zones:
🛡 6,000.00
🛡 5,988.00 (Key Bullish Retest Zone)
🛡 5,980.00 (Strong Demand Area)
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🎯 Trade Setup (LONG ENTRY):
📥 Entry: Above 6,008.00 confirmation
🎯 TP1: 6,024.00
🎯 TP2: 6,032.00
🛑 SL: Below 5,988.00
> Strategy: Wait for a clear breakout above 6,008.00 with volume confirmation. Retests of 6,000.00–5,988.00 can be used for dip-buying opportunities.
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💡 Risk Management:
Risk only 1–2% of your capital per trade. Stick to SL, trail profits as price nears TP zones. Let your winners run, but manage risk tightly! 🛡️💰
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