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US5004-hourBullish

S&P 500 4-hour (SMC): buy the 7456–7540 zone

FXFibo editorial · · 1 min read
Summary

The 4-hour structure in S&P 500 is bullish: a bullish change of character (CHoCH) at 7447.3, with price now around 7577. The 7456–7540 area is the main buy zone.

BiasBullishEntry zone7500Stop loss7400Target 17667Target 27720StatusActive
Invalidation: 4-hour close below 7415
S&P 500 4-hour (SMC): buy the 7456–7540 zone

Main scenario

  • Entry zone: 7456–7540 (around 7500)
  • Stop: 7400
  • Targets: 7667 and 7720
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A 4-hour close below 7415 invalidates the main scenario and opens the way to 7415.

Key levels

  • Resistance: 7582, 7667, 7720
  • Support: 7544, 7456, 7415

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.