SP500 Could Solid Bullish Movement

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S&P 500 Shows Bullish Momentum Despite Trade Tensions

The S&P 500 edged up by 0.4% to kick off June, demonstrating resilience in the face of renewed U.S.-China trade tensions. Markets appear to be more focused on upcoming economic data than on the tariff threats, which investors suspect may once again be delayed or softened by the White House.

From a technical perspective, the price action suggests a potential bullish continuation. The index could bounce higher from current levels, with immediate resistance around 6,040 and key support near 5,920. A sustained move above resistance could signal further upside in the near term.

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