#S&P 500 ANALYSIS
The S&P 500 is currently hovering just below the resistance trendline of a rising wedge pattern, indicating a possible pullback if rejection occurs at this level. Despite this, the Ichimoku Cloud continues to show bullish momentum, suggesting strength in the trend.
A confirmed breakout above the wedge could signal a move toward new highs, while a rejection may lead to a short-term correction.
Given its strong correlation with the crypto market, the S&P 500 remains a key indicator of broader market sentiment making upcoming price action especially important to watch.