#S&P 500 ANALYSIS
S&P 500 is continuing its bullish move inside the long-term ascending channel on the weekly timeframe. Price has now reached the upper resistance trendline, where a short-term rejection or consolidation could occur.
The Ichimoku Cloud is showing bullish momentum, the overall trend remains bullish. A clean breakout above the channel resistance could trigger another upward expansion.
S&P 500 is continuing its bullish move inside the long-term ascending channel on the weekly timeframe. Price has now reached the upper resistance trendline, where a short-term rejection or consolidation could occur.
The Ichimoku Cloud is showing bullish momentum, the overall trend remains bullish. A clean breakout above the channel resistance could trigger another upward expansion.
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