S&P 500: Resilient Rise Challenges Upper ResistanceThe S&P 500, closing the week at 4971, showcases persistent bullish momentum just below the upper Bollinger Band resistance at 5136.3. The MACD's positive divergence above the signal line highlights market resilience. The Simple Moving Average at 4854.7 acts as pivotal support, reinforcing the trend's strength. Navigating between these technical boundaries, the near-term outlook suggests a cautious yet optimistic view for potential upward continuation.2/14/20241 min read