S&P 500 ANALYSIS
The S&P 500 is currently trading within a well-defined ascending channel, recently rebounding from both the lower boundary and a key support/resistance zone. The 21-day and 50-day moving averages are providing strong support, reinforcing the ongoing bullish momentum.
As it approaches the channel’s resistance trendline, a continued move within the channel remains likely—unless a decisive breakout or breakdown signals a shift in trend.