#S&P 500 ANALYSIS

The S&P 500 is facing resistance at the horizontal supply zone, while the Ichimoku Cloud is providing support beneath the current price action. A solid breakout above the supply zone could signal a #bullish trend, but a rejection from this level may trigger a downward move. Keep an eye on upcoming price action for confirmation. 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