$SP500 / #SP500 | 1H Trade Setup Update Position: 🔴 Short

$SP500 / #SP500 | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 5,501 (0.618 Fibonacci Level)
• Stop Loss: 5,511
• Take Profit: 5,420

● Current Analysis: The SP500 has fallen below the Value Area Range but is now attempting to break above the VWAP, signaling early signs of a potential reversal.

● Technical Indicators: Bullish Divergence: Indicates a possible upward reversal. Rising Money Flow: Suggests growing buying pressure. Rising Momentum: Points to a strengthening bullish trend. Stochastic RSI: Rising, signaling upward potential.

● Outlook: This short position targets 5,668, contingent on confirmation of a breakout above the VWAP. The combination of bullish divergence, rising money flow, and momentum indicates a favorable outlook for an upward movement. However, monitor closely for sustained support above VWAP to validate the trade.