According to Mihir (@RhythmicAnalyst), the S&P500 index is currently testing a critical resistance level, similar to its recovery attempt in March 2022, with a significant price gap identified near 5700 (source: Twitter, May 28, 2025). Traders are closely monitoring whether the index will break through or retrace at this crossroad, as the outcome could influence risk appetite and liquidity across both traditional equities and the cryptocurrency market. A breakout above 5700 may signal bullish momentum that could spill over to crypto assets, while a rejection could prompt broader market caution.