#S&P 500 ANALYSIS

The S&P 500 is facing rejection from the resistance trendline of the rising wedge pattern, while the Ichimoku Cloud is acting as support, indicating strength.

A bounce from this level is possible; however, a breakdown below the wedge could trigger further downside.

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.