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#Which Coins are You Bullish on for March?
#АНАЛИЗ S &P 500
The S&P 500 index has broken out of the ascending triangle, dipping below the Ichimoku Cloud and the 100MA, which now act as resistance levels.
It is currently rebounding from the 200MA, which provides key support and could trigger a potential recovery. However, if the S&P 500 fails to hold this level and falls below 200MA, a further downside correction could follow.
Notably, the price movement of the S&P 500 index often coincides with cryptocurrency market trends, making it a crucial indicator of broader market sentiment.