SPX – Recovery Momentum Gradually ReturningThe U.S. stock market is regaining its upward rhythm after a period of correction, as investor sentiment improves notably on hopes that the U.S. government shutdown will soon end .
At the same time, the U.S. Dollar Index has stalled and bond yields have slightly declined , creating favorable conditions for capital to return to large-cap equities.
On the 4H chart, SPX maintains a steady ascending channel structure , and the sharp rebound from the 6,800 zone signals that buyers are regaining control.
The current setup suggests the index could continue rising toward the 7,000 level, before a minor technical pullback — a healthy move to build momentum for the next leg higher toward the upper boundary of the channel.
With market sentiment turning increasingly positive , supported by bullish forecasts from major institutions like UBS (targeting S&P 500 at 7,500 by 2026), the short-term bullish bias for SPX remains intact.
As long as 6,800 holds firm, the uptrend structure stays valid, reflecting growing confidence that the U.S. market recovery cycle is far from over.
