After a sharp sell-off, $SPX has formed a clear reversal structure near the $0.47 support zone, where strong buying stepped in. Price printed a solid base and is now showing a pullback and stabilization, indicating accumulation after the reversal. As long as price holds above this demand area, the structure supports a bullish continuation toward the previous supply levels.

Current Price Action:

$SPX is consolidating above key support after reversal, suggesting buyers are in control and a continuation move to the upside is likely.

Trade Setup:

• Entry Point: $0.48 – $0.49

• Stop Loss: $0.46

• Take Profit:

  TP1: $0.505

  TP2: $0.525

  TP3: $0.55