The S&P 500 is facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku Cloud is acting as support below the current price action. A decisive breakout or breakdown will be required to confirm the next directional move. 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
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#S&P 500 ANALYSIS
The S&P 500 is facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku Cloud is acting as support below the current price action. A decisive breakout or breakdown will be required to confirm the next directional move. 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