00:00Is the SPX500 setting up for a massive breakout or a deep trap? Please watch the full video.
00:06Analyzing the one-hour time frame using smart money concepts,
00:10we see a clear bullish market structure defined by higher highs and higher lows.
00:14Multiple break of structure points have confirmed a strong impulsive move upward,
00:19putting buyers firmly in control. However, we are currently entering a major decision zone
00:24as price approaches a critical supply area. The major supply zone sits between $7,250 and $7,280.
00:32We are seeing price slowing down here, showing early signs of distribution or a potential pause.
00:39On the flip side, we have solid demand zones below, immediate demand at $7,200,
00:45strong demand at $7,130, and major base demand near $7,060.
00:50Here is the plan for our next move.
00:53For a bullish breakout, we need to see price break and hold above $7,280.
00:59If that happens, our objectives are $7,320 and $7,350.
01:05However, if we see a rejection from this $7,250 supply zone, expect a pullback towards $7,200 or lower.
01:13Our main entry will be in this specific order block zone.
01:17If the price retraces here, we will start building our position carefully.
01:21For this trade, our invalidation level will be placed exactly below the recent swing low.
01:27This means that if price breaks this level, our current bullish bias will completely change.
01:33Our final scenario and main objective for this movement is to clear the upper liquidity zone effectively.
01:39Smart Money Insight suggests the market is overextended after this rally.
01:43The likely scenario is a sweep of the highs followed by a pullback into demand before the trend continues.
01:49Don't chase the top, wait for the setup.
01:52Always follow proper risk management.
01:54See you in the next video.
01:56Follow for more.
01:57The next analysis is coming very soon.
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