S&P 500 Technical Update! 📈🧐

The S&P 500 is showing some key moves:

Rebounding from the support trendline of its rising wedge pattern 🪄

50-day MA is acting as strong support 🛡️

21-day MA is currently a resistance barrier ⛔

What’s next?

A breakout above the 21MA could push prices higher within the wedge 🚀

A breakdown below the 50MA and the wedge support could trigger further downside 📉

Key things to watch:

Price action around the 21MA and 50MA

Confirmation of either bullish breakout or bearish breakdown

Pro tip:

Stay sharp! The next big move could be just around the corner. 🔥👀

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