#S&P500 ANALYSIS
The S&P 500 is facing rejection from the resistance trendline of a broadening wedge pattern, suggesting a possible short-term pullback toward the S/R level.
However, a strong breakout above the wedge would invalidate the rejection and could trigger another bullish rally.
Keep a close eye on the upcoming price action for confirmation.
Given its strong correlation with crypto, the S&P’s next move will be key in shaping overall risk sentiment.