USA S&P 500 Index
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The USA S&P 500 Index

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the USA S&P 500 Index (15-minute timeframe), highlighting a recent price action scenario. It shows a rising wedge pattern followed by a significant bearish breakout. The price retraced to a resistance zone around 5984.20 and is now consolidating. Two potential paths are illustrated: either a continuation upwards toward the 6000 level or a rejection that could lead to a further decline toward 5940 support.

Fundamental Note: Investors might be cautious due to mixed economic data or upcoming Federal Reserve commentary, which could influence volatility and overall market sentiment.
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