#S&P500 ANALYSIS
The S&P 500 is currently consolidating within a rising wedge pattern, rebounding off the support trendline. The Ichimoku Cloud is acting as a support zone, reinforcing underlying bullish momentum.
However, additional price action is required to confirm the next decisive move. Traders should closely monitor for a breakout above or a breakdown below the wedge structure.
Importantly, the S&P 500 often correlates with cryptocurrency market trends, making it a key indicator of broader market sentiment.