SP500 H4 analysis Breakdown Trendline

Chart Components Observed:

Ichimoku Cloud: For trend and support/resistance visualization.

Uptrend line (manually drawn): Connecting higher lows since early May 2025.

Support break: Price has recently broken below the trendline and below the Ichimoku cloud.

Current Price: 6,237.15 (▼ -1.64%)



---

📉 Analysis Summary:

The trendline and Ichimoku cloud were acting as major dynamic support.

A bearish breakdown has occurred — price closed below the trendline and the cloud.

This suggests a potential trend reversal or correction underway.



---

🎯 Trade Setup Suggestion (Short Entry)

🟢 Entry Target (Short Position):

Sell Entry: Around 6,237 – 6,245 (current zone or slight pullback)

If price retests the underside of the broken trendline/cloud, that's a better entry confirmation.



📉 Take Profit Levels:

1. TP1: 6,130 (recent consolidation zone)


2. TP2: 6,000 (psychological + historical support)


3. TP3: 5,880 (next major support based on previous consolidation in early June)



🛡 Stop Loss:

SL: 6,300 – 6,310 (above the cloud and broken trendline for safe buffer)



---

📊 Risk Management:

Position size should be based on your account size, using 1–2% risk per trade.

Watch the S&P futures and macro news (e.g., U.S. data, Fed news) to avoid whipsaw.