SPX: Descending Wedge Breakout — Confirmation NeededS&P 500 IndexTVC:SPXOmorfus#SPX #analysis #trading 📊 #SPX | Technical Analysis Yesterday, the S&P 500 broke above the resistance of the descending wedge. This is a positive technical signal in favor of a continuation of the upward move. The key point now is confirmation of the breakout. It is especially important that today, at the end of the trading week, the price holds above the breakout zone and closes above resistance. Such confirmation would strengthen the bullish scenario and could open the way for further growth. 📌 What we are seeing now: • The descending wedge has been broken to the upside. • The price is trading above the resistance zone. • EMA50 remains the nearest dynamic support. • RSI is recovering and is in a neutral-positive zone. • OsMA shows recovery of bullish momentum. 🎯 What we are watching: • Holding above the broken resistance. • Price reaction at the end of the trading week. • Momentum confirmation from RSI and OsMA. • Price holding above EMA50. ⚠️ Important: The breakout itself is the first signal. But for stronger confirmation, the market needs to hold above the broken boundary. If buyers manage to defend this level, it may create a base for opening new positions and moving toward new highs. The current setup looks constructive, but the confirmation of the breakout is what matters most.