
S&P 500 UPDATE The S&P 500 is consolidating within the ascending triangle pattern and is currently trading inside the horizontal supply zone. The Ichimoku cloud is acting as a key support zone, showing strength in the current structure. A solid breakout above the triangle resistance could push the index toward a new peak, while rejection could lead to further consolidation within the pattern. Keep a close eye on upcoming price action. Given its strong correlation with crypto, the S&P’s next move will be key in shaping overall risk sentiment.
