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On the H4 timeframe, US500 has entered a pullback phase after failing to break above the 6,980–7,000 resistance zone and is currently fluctuating around 6,840–6,860, just above the key 6,820–6,830 support area. Price remains below both the 50 and 100 EMAs, indicating that short-term momentum has yet to clearly favor buyers. A decisive break below 6,820 could open the way toward 6,780 and 6,730. Conversely, holding above this zone may pave the way for a rebound toward 6,900–7,000.
US500 is trading at a critical equilibrium zone on the H4 timeframe. Whether price holds or breaks below the 6,820 level will determine if the market extends its correction or forms a short-term recovery.
On the H4 timeframe, US500 (S&P 500) is showing signs of a pullback after failing to break above the resistance zone around 6,980–7,000. The inability to sustain bullish momentum above this area has triggered selling pressure, pushing price back toward lower support levels.
Currently, price is fluctuating around the 6,840–6,860 zone, just above the key support area at 6,820–6,830. However, it remains capped below both the 50-period EMA and the 100-period EMA, suggesting that the market has yet to clearly confirm whether buyers or sellers hold the upper hand.
In the bearish scenario, a decisive break below the 6,820–6,830 support zone could intensify selling pressure, with the next downside targets located around 6,780–6,790 and further down at 6,730–6,740, corresponding to previous support levels on the chart.
Conversely, in a recovery scenario, if price holds above 6,820 and forms a higher low structure, US500 could move toward retesting the 6,900–6,920 resistance area. A sustained breakout and close above 6,920 would be a key signal of improving short-term momentum, potentially opening the way for a renewed test of the 6,970–7,000 zone.
24.02.2026
S&P 500 (US500)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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