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#S&P 500 ANALYSIS
The S&P 500 is #trading below the resistance trendline of a broadening wedge pattern, while the Ichimoku Cloud is acting as support indicating underlying strength. A breakout above the wedge would confirm further upside and continuation of the #bullish trend. However, rejection from this level remains possible, which could lead to a downside move. Given its strong correlation with crypto, the S&P’s next #move will be key in shaping overall risk sentiment. #crypto