#S&P500 ANALYSIS

The S&P 500 is bouncing off the support trendline of its rising wedge pattern. Right now, the 50MA is holding as support, while the 21MA is acting as resistance overhead.

A breakout above the 21MA could push prices higher within the wedge, but a break below the 50MA and the pattern could signal more downside ahead. Stay alert for key moves in the coming sessions.