#S&P500 ANALYSIS
The S&P 500 is consolidating within an ascending broadening wedge pattern and has recently broken above a key horizontal resistance trendline, reaching a new all-time high.
The Ichimoku Cloud signals bullish momentum, supporting the potential for continued upside. A successful retest of the breakout level could pave the way for further gains.
Given its frequent correlation with cryptocurrency market trends, the S&P 500 serves as a crucial indicator of broader market sentiment.
