SP500 Consolidated Bullish range because rebounded strongly

The SP 500 is currently consolidating within a bullish range after price action recently tested key support levels and rebounded strongly. This suggests that buyers are defending the lower boundary of the range, maintaining the broader bullish momentum.

On Wednesday, U.S. equities gained, led by a rebound in technology-related shares. Additionally, U.S. private payrolls data came in stronger than expected, signalling continued labour market resilience and supporting investor sentiment. Meanwhile, the U.S. dollar extended its gains from last week, reflecting confidence in the U.S. economy.

If bullish momentum continues and the current support holds, we could see further upside potential, with the SP 500 possibly targeting the 6,900–6,980 range in the near term.

You may find more details in the chart.
Trade wisely best of Luck buddies.

Ps; Support with like and comments for better analysis Thanks for Supporting.