#S&P500 ANALYSIS

The S&P 500 is facing rejection from the resistance trendline of the rising wedge pattern, with the Ichimoku Cloud acting as support. Further downside is possible from this level.

However, a breakout above the resistance trendline would invalidate the pattern. Keep an eye on further price action developments.

Given its close correlation with the crypto market, the S&P’s next move will be crucial in determining broader risk sentiment, making this a key level to monitor closely.#FedWatch