đANALYSIS S&P 500
âď¸The S&P 500 is currently experiencing a bounce off the 21-day moving average, which is acting as a support level following its rejection at the resistance trendline of the rising wedge pattern.
âď¸The Cloud indicates bullish momentum, suggesting that the index may continue to consolidate within this pattern.
âď¸However, it's important to wait for further price developments and confirmation signals before making any investment decisions.
âď¸A breakout above the resistance could signal a continuation of the upward trend, while a breakdown below support may indicate a reversal.