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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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#S&P 500 ANALYSIS
The S&P 500 has broken down from a rising wedge pattern and successfully retested it. It is now breaking below the Ichimoku Cloud, which previously acted as support, while both the 21MA and 50MA are serving as resistance levels. A decisive breakdown of the cloud could signal further downward movement.
Notably, the S&P 500's price action often correlates with cryptocurrency market trends, making its movements a key indicator of broader market sentiment.