S&P500 index is currently trading on a key daily structure resistance.
On focus is a rising parallel channel on 4H. If the price breaks and closes below its support, chances will be high to see a bearish trend continuation. Initial target will be 4080 level.
Alternatively, bullish breakout of the underlined yellow area will push the market higher. Next resistance will be 4290.
β€οΈIf you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!β€οΈ