S&P 500 | Bullish Breakout Setting Up After Ichimoku CompressionUS SPX 500OANDA:SPX500USDLissa_Blair The S&P 500 Index is showing signs of bullish reversal after a period of consolidation inside the Ichimoku cloud on the 30-minute chart. Price previously broke down from a descending channel but found support near the 5,960 level and is now challenging the cloud resistance. Key technical highlights: Previous ascending and descending channel structures are clearly defined. Sideways accumulation zone indicates market indecision and potential buildup. Price is attempting to break above the Ichimoku cloud, which may signal a bullish trend continuation. A clean breakout and hold above 5,985 could trigger a move toward the 6,020 resistance zone, as projected.