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$VOO pulled off a violent recovery back to the $624 pivot zone.
While the bounce from the $580 area shows strong demand, the move is currently testing a heavy supply level and looks overextended on the 4H timeframe.
Technically, the long-term potential is indisputable, but short-term structure requires caution.
If we don’t see immediate follow-through above this resistance, a retracement to retest lower liquidity levels is a high-probability scenario.