S&P 500 Breakdown Alert! 📉

The S&P 500 has broken down from a rising wedge pattern — a classic bearish setup. Both the 21MA and 50MA are now acting as resistance above the current price action ⛔, showing strong rejection.

We’re now seeing a retest of the breakdown zone.

✅ A successful retest could confirm further downside.

🔄 But if the price breaks back above, it might resume trading inside the wedge, signaling possible bullish momentum.

Why does this matter for crypto?

The S&P 500 often moves in tandem with crypto markets.

So this setup could be a key signal for broader market sentiment!

Keep your eyes on this one — it could shape the next big move across both stocks and crypto!

#SP500 #CryptoTrends #MarketUpdate #BinanceSquare #TechnicalAnalysis_Tickeron 📊💥