$SPX Targets Another Leg Higher, but 7,444 Is the Key Line to Watch
$S&P 500(.SPX)$ Is Setting Up for Its Next Leg Higher 📈
Price has left behind a fresh bullish daily Fair Value Gap (FVG), creating a potential support zone for the next move.
Rather than chasing the current price action, I'm looking for a controlled pullback that gives buyers a better entry.
Ideally, I want to see price sweep today's low and retrace into the newly formed daily FVG.
From there, a clean ABC corrective move into the gap, followed by a clear reversal back out of it, would provide the swing-long setup I'm looking for.
The key is how price reacts once it reaches that support zone.
A brief liquidity sweep followed by a strong recovery would suggest buyers are stepping back in and that the broader bullish structure remains intact.
I want to see the market reject the gap and reclaim upward momentum before taking the long side.
⚠️ Key Level to Watch: 7,444
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