Stock Market Weekend Update Sunday May The 4th, 2025

May 04, 2025

∙ Paid

U.S. Equity Market Outlook: Near-Term Strength, But Approaching Resistance

U.S. equities continue to exhibit constructive short-term momentum, with the S&P 500 advancing over 14% over the past 17 trading sessions since the April 7th lows—equivalent to a robust daily average return of nearly 1%. While the prevailing trend remains firmly bullish, key technical resistance levels are now within reach, notably the late-March highs near the 5786.95 level on the SPX, which could act as a near-term cap to further upside without a period of consolidation.

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