#S&P 500 ANALYSIS

The S&P 500 has broken out of a cup and handle pattern and is currently trending upward. Additionally, the 21-day moving average is acting as support, and the Ichimoku cloud indicates a bullish trend.

Presently, it is moving downward for a retest and to fill the CME gap, which is above the breakout point. A successful test will likely result in a strong upward movement in the S&P 500.