#S&P500 ANALYSIS

The S&P 500 is currently testing a key horizontal supply zone, with the Ichimoku Cloud acting as a resistance barrier above the price.

A successful rejection from this level could lead to a downward move. However, if the price breaks above the supply zone, it may flip into a demand zone, opening the door for further upside.

Given its close correlation with the crypto market, the S&P’s next move will be crucial in determining broader risk sentiment, making this a key level to monitor closely.