In this latest market update, I will continue my analysis of the $Micro E-mini S&P 500 - Sep 2023(MES2309)$, which had been grappling with significant bearish sentiment, as previously discussed. The break above the resistance level at 4447.50 had piqued my interest, as it is sparking the possibility of a short-term bullish upswing. 1 Hour Chart The S&P 500 futures price displays remarkable resilience, consistently forming higher lows and navigating confidently within the confines of an ascending channel, signifying a robust and ongoing bullish momentum. The channel's unbroken continuity underscores the potential for the bullish sentiment to endure, contingent upon the price's ability to stay within this channel. Traders are strongly e

In today's market update, our focus remains on the $E-mini S&P 500 - main 2312(ESmain)$, which has recently grappled with a notable bearish sentiment, as discussed in previous analyses. The critical support level of 4496.25 was breached, indicating the potential for an extended bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Higher Low Formation Presently, the S&P 500 futures market is in a consolidation phase, showcasing signs of a potential shift in momentum. Notably, higher lows have been established, which is a positive development. To foster a short-term bullish outlook, it would be advantageous if the price successfully retests and maintains levels above 4447.50. Such a move would signal a higher low, raising the probab