S&P 500 ANALYSIS

The S&P 500 has successfully broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud providing strong support and signaling sustained bullish momentum.

After filling the CME gap, a minor pullback could occur, potentially setting the foundation for a robust rally.

Notably, the S&P 500's price movements often correlate with trends in the cryptocurrency market, making it an important indicator to watch for broader market insights.