3 min readWe’re starting the new week by revisiting the S&P 500, which ended Friday with a bullish daily candle, followed by a gap up on Monday’s open. This sequence may reflect improving sentiment among market participants to start the week.
Despite this upward movement, price remains below the 5,500 level, which was highlighted as a significant area in last week’s updates. On a technical level, some traders may continue viewing 5,500 as a key area of interest, particularly when assessing market structure on the daily timeframe.
Until this level is reclaimed on a daily closing basis, it’s possible that this region could be interpreted as a potential lower high, depending on how price develops over the coming sessions. As always, staying reactive to structure and key levels remains important in navigating ongoing uncertainty.
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