The S&P 500 has broken out of the ascending triangle pattern and printed a new all-time high. The Ichimoku Cloud is acting as support, indicating underlying strength. Sustained price action above the breakout level could lead to further upside. Keep an eye on upcoming price action developments. It's worth noting that its performance typically correlates with the crypto market
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#S&P 500 ANALYSIS
The S&P 500 has broken out of the ascending triangle pattern and printed a new all-time high. The Ichimoku Cloud is acting as support, indicating underlying strength. Sustained price action above the breakout level could lead to further upside. Keep an eye on upcoming price action developments. It's worth noting that its performance typically correlates with the crypto market