*$S&P 500 ANALYSIS*
The S&P 500 is trading below the resistance trendline of a broadening wedge pattern, while the Ichimoku Cloud is acting as a support indicating underlying strength.
A breakout above the wedge would confirm further upside and continuation of the #bullish trend.
However, rejection from this level remains possible, which could lead to a downside move.
Given its strong correlation with #crypto , the S&P’s next move will be key in shaping overall risk sentiment.