Stock Index Futures Extend Rebound as U.S. Recession Fears Ease
The S&P 500 (SPX) has stabilized within a bullish trend, targeting 5,363 and 5,412 in the near term. Current volatility and technical indicators suggest bullish momentum.
Bullish Scenario: As long as the price trades above 5,327, the bullish trend is likely to continue toward 5,412.
Bearish Scenario: If the price drops below 5,327, it could signal a downtrend, with the potential to decline toward 5,260.
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