ANALYSIS OF S&P 500
The S&P 500 is currently trading in a clearly defined upward channel, recently bouncing off both the lower boundary and a key support/resistance zone. The 21-day and 50-day moving averages provide strong support, reinforcing the ongoing bullish momentum.
As it approaches the channel resistance line, further movement within the channel remains likely unless a decisive breakout or breakdown signals a trend change. #cryptotrading