#S&P 500 ANALYSIS

The S&P 500 recently faced rejection at the resistance trendline of the rising wedge pattern. Currently, the 21-day moving average is acting as a resistance level, while the 50MA provides support below the current price action.

The Ichimoku cloud indicates bullish momentum, suggesting potential upward movement.

However, we should wait for further price development and confirmation before making any decisions. Monitoring these key levels will be crucial for understanding the S&P 500's next move.