$S&P 500 ANALYSIS
The S&P 500 is consolidating within an ascending broadening wedge pattern and has recently broken above a horizontal supply zone.
The Ichimoku Cloud is indicating bullish momentum, reinforcing the potential for continued upside. A successful retest of this breakout could lead to further upward movement.
The S&P 500’s price movements frequently correlate with trends in the cryptocurrency market, positioning it as a key gauge of overall market sentiment.
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