#S&P 500 ANALYSIS
The S&P 500 is consolidating within an ascending broadening wedge pattern and has recently broken above a key horizontal resistance level, marking a new all-time high. This breakout indicates strong bullish sentiment in the traditional markets.
The Ichimoku Cloud is showing bullish momentum, reinforcing the likelihood of continued upward movement.
Given the S&P 500’s historical correlation with the cryptocurrency market, its strength can be seen as a positive signal for broader market sentiment, including digital assets.#GENIUSAct #GENIUSAct #CryptoMarket4T #StrategyBTCPurchase #ETHBreaks3700
