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July 09, 2025

Trade ideas

US500: Breakout or reversal?

US500, H4

US500H4090725.png

After reaching a new all-time high, the asset showed a slight decline. Currently, the price is attempting to test the local downward level and resistance level of 6240.

  • If the price breaks through the local downward level and the resistance level of 6240, there will be growth to the level of 6290;
  • However, if the support level 6220 is broken, a decline to 6190 will begin.

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FBS Analyst Team

Author: FBS Analyst Team

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