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#S&P 500 ANALYSIS
The S&P 500 is trading below the resistance trendline of the ascending broadening wedge pattern.
The Ichimoku cloud is acting as a key support, showing strength in the current structure.
A solid breakout above the pattern resistance could lead to a new peak, while rejection could trigger further downside.
The S&P 500 is trading below the resistance trendline of the ascending broadening wedge pattern.
The Ichimoku cloud is acting as a key support, showing strength in the current structure.
A solid breakout above the pattern resistance could lead to a new peak, while rejection could trigger further downside.